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To: LZ_Bayonet
Under 9-9-9, what does a retiree pay on a cash withdrawal from his 401k or 403b?

He pays 9% income tax and 9% on whatever he buys with it.

48 posted on 10/16/2011 5:50:46 AM PDT by SoJoCo
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To: SoJoCo
"Under 9-9-9, what does a retiree pay on a cash withdrawal from his 401k or 403b? He pays 9% income tax and 9% on whatever he buys with it."

So, if a retiree (after Bush cuts expire) would be in the 15% bracket, AFTER 9-9-9 he would pay 18%.

62 posted on 10/16/2011 10:15:33 AM PDT by LZ_Bayonet ( I AM THE TEA PARTY LEADER !)
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