[Red Badger]

3) Plan targets some IRAs and 401(k)’s

Explain targets...................

[Qbert]

“Explain targets...................”

More detailed explanation from the same author here:

“...Double taxation is a special tax penalty, which is the opposite of a special tax break. The good news is that there are some provisions in the tax code, such as IRAs and 401(k)s, that reduce these tax penalties.

The bad news is that these provisions get added to “tax expenditure” lists, and therefore get mixed up with the provisions that provide special tax breaks...”

http://danieljmitchell.wordpress.com/2011/06/30/the-tax-expenditure-con-job/