Originally Posted by La literatura
So rollover your traditional into a Roth. Here's the point: you don't even do the bare minimum of saving and taking advantage of the tax code's IRA advantages. So spare us the lecture of how if only there was no income tax your life would be so much better. Not really: you would just spend it all.
It doesn't matter whether listo takes full advantage or not. The point is that he doesn't have that option. None of us do. That's a byproduct of the income tax. It's a bug, not a feature.
Oh, and I'm not sure what your point is about rolling over a traditional into a Roth. No matter which way you do it, you pay taxes on one end or the other. If you start out traditional and then roll to Roth, you pay taxes in the middle. A traditional IRA is the closest approximation to the treatment you'd get from a consumption tax. But it's limited, so it's an inferior approximation.