Doesn’t seem fair. Those of us that have been diligent for decades don’t get the same as those who aren’t. Doesn’t matter what their situation is or was.
My idea-UNLIMITED contributions to a ROTH until one gets to $300k or so. Install a consumption tax and eliminate the income tax. No tax on IRA investments. Allow family members to contribute to their relatives accounts.
Deep State loves ginning up games of lets-you-and-him-fight.
I gently suggest folks refuse to play.
To the folks who might benefit from Deep State’s latest ploy...
What Deep State giveth, Deep State can taketh away.
Just something to keep in mind.
Don’t know what I’m getting at?
Read the British tabs.
Why have any limits if there is no income tax?
If you do this then how would you control the middle class? How would you continue to control low income people?
Now, tell me again just “why” the IRS gets to tell any American how much they can save into an HSA, into an IRA, into a 401K?
Sure. “You” want to restrict how much of a tax deduction or how much a tax write off a person can make in any given year? Don’t like it, but fine. Put a limit on the tx side.
But why is the IRS penalizing Americans who save “too much” into an HSA account for their family?