Well, we’re covered for this year’s budget. Next year, we’ll tax all IRA money over $50K at 25%; they’re rich anyway. After that, it will be the next guy’s problem.
“Next year, we’ll tax all IRA money over $50K at 25%; they’re rich anyway.”
If you are in the 15% bracket, retired and drawing social security, the social security ramp makes your IRA withdrawals taxed at over 25%.