Quote:
Originally Posted by Rudeboyelvis
The first thing I'd recommend investigating and am personally considering is changing 401K / IRA contributions to after tax. If you think the current tax rates on investments are high relative to income, think about the full blown Marxist/Socialist state you will be retiring into when they hit you for 74%.
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I don't think the current tax rates on investments are high relative to income at all. In fact, they are much too low, relative to income. Yet another way the rich stack the deck. They pay 20 percent tax for sitting around while money their great-grandad made ensures they don't have to do anything with their lives.
Lower tax rates on capital gains is merely welfare for the already wealthy.