401Ks are just another tax subsidy to Wall Street

By tovarichpeter   follow   Thu, 29 Nov 2012, 8:23am PST   ↑ Like   ↓ Dislike   216 views   0 comments   Watch (0)   Share   Quote  

http://business.time.com/2012/11/28/fiscal-cliff-why-congress-might-have-to-mess-with-the-401k/

With a combined $10 trillion sitting in IRAs and 401(k) plans, retirement accounts make a juicy target. Some of this money has never been taxed, and under current law never will be. To maintain this savings incentive the government spends $100 billion a year in the form of tax breaks to those who stash money in these kinds of accounts.

Watch comments by email

home   top   share   link sharer   users   register   best comments   about   source code  

#housing   #investing   #politics   #economics   #humor  
please recommend patrick.net to your friends