They are going to find a way to tax the tax-free income that was promised when 401ks & IRAS were set-up.
I've been in 401k (and now converted to IRA in retirement) since they initiated in the early 80s. I don't remember any promise that they were tax-free. They have always been tax-deferred.
44 posted on 08/09/2013 7:02:04 PM PDT by nascarnation
(Baraq's economic policy: trickle up poverty)