Tag: tax reform
![back of a 50 dollar bill](https://crr.bc.edu/wp-content/uploads/2017/05/back-of-a-50-dollar-bill-1536x1024.jpeg)
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tax advantaged because the government taxes neither the original contribution nor the investment returns until they are withdrawn as benefits at retirement.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…