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To: SeekAndFind
I will also argue to the go-go tech boom was probably funded by this disparity in Cap Gains vs. Dividends. We can thank Bill Clinton and Newt for that one, to be honest. Without getting into the particulars I got to see it 1st hand in a professional capacity what it did to portfolios and taxes.

The only respite from this Obama dividend fiasco maybe Roth IRA's but you have to below 170k to make that work, or does he mess with the "Roth" as well?

4 posted on 02/22/2012 8:34:39 AM PST by taildragger (( Palin / Mulally 2012 ))
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To: taildragger

If you think your Roth is safe from future taxation under this regime, you ought to think again.

There are all sorts of things Obama and Congress can do to get your Roth money without directly taxing its distributions. Congress is actively considering forcing beneficiaries of inherited Roth IRAs to take immediate distributions, which would eliminate much of the Roth’s tax avoidance potential. A few years back Congress held hearings to discuss conversion of all individual retirement accounts into government annuities. And we all know that Social Security benefits will eventually determined by some sort of means-testing formula. Roth IRA balances and distributions could easily be incorporated in that formula, which would be the equivalent of a tax without it being an explicit tax.


8 posted on 02/22/2012 10:16:49 AM PST by Skepolitic
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