There was a time that statement used to mean something.
Now the 401(K) IRS treatment will be only 18% of income credit???
The annual limit is $15,500.
This affects my state income tax because the 401(K) funds lower my AGI.
More state income taxes forever into the future.
Also, this makes Roth more attractive? It would pay to pay taxes NOW
rather than defer.
That’s what they want. They want the TAX MONEY NOW!!!!
That’s why I upped my contributions. No more tax money for you Obama!!!