To: kjam22
He hasn't really thought this through.LOL!
In our current tax state, it isn't as easy as I save money and spend it when I get old with no tax consequences.
Higher taxes on spending, for the old!
484 posted on
12/26/2007 8:17:56 AM PST by
Toddsterpatriot
(What came first, the bad math or the goldbuggery?)
To: Toddsterpatriot
No mandatory withdrawls for the old. No tax on your pretax savings unless you spend it. No tax on your 401K or IRA unless you spend them. No tax on your earnings unless you spend it. No gift tax when you give it to your kids.
There is no better plan to generate real wealth, and let people pass on the american dream to their kids.
486 posted on
12/26/2007 8:22:36 AM PST by
kjam22
(see me play the guitar here http://www.youtube.com/watch?v=noHy7Cuoucc)
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