[PeterPrinciple]

Hide your assets,......and your guns

You just reminded me that with so much of our wealth in retirement plans we can no longer hide it and they know how to tax it..................

[marlon]

"You just reminded me that with so much of our wealth in retirement plans we can no longer hide it and they know how to tax it.................."

Ding, ding, ding, we have a winner! This is the big scheme that everyone is falling into. Put all your money in your 401k, IRA's, etc. Keep it there under Govt. rules until you're 59 1/2 and supposedly retire in a lower tax bracket when you retrieve the money. Sure, like we'll ever see a lower tax bracket then we have today. Aint gonna happen, when all the boomers start taking their money you can be sure the socialists will have ratcheted up the tax bracket to well over 50%.

[Marathoner]

You just reminded me that with so much of our wealth in retirement plans we can no longer hide it and they know how to tax it..................

Wasn't it Algore some years back, as a Senator, who floated the idea of a one time 15% tax on all private tax sheltered accounts?(To save Social Security, you know).