Tag: tax reform
And let’s use some of those revenues to make Social Security contributions fairer. For years, policymakers have treated the nation’s fiscal challenges as separate debates. One discussion focuses on the federal deficit. Another debate centers on the growing concentration of wealth and political influence. A third asks how to restore Social Security’s finances. In fact,…
Changes to the taxation of capital income can have a big effect. Retirement saving in typical employer plans – both defined benefit pension and 401(k) plans – is tax advantaged because the government taxes neither the original contribution nor the investment returns until they are withdrawn as benefits at retirement. If the saving were don…
