Originally Posted by La literatura
So because you can only put $5500 free from tax into an IRA, you can't save a nest egg that isn't taxed after you withdraw it? Listopencil said the income tax prevents him from saving. Here's a method of saving that is actually promoted by the current tax laws. You haven't said anything that has supported his claim.
The income tax limits your ability to defer taxes by saving. The consumption tax doesn't. It's as simple as that. If you thought listo was saying something for which your response was accurate, you misread him.
"Well, it is one thing for Bill Clinton to say, I feel your pain. It is another thing for Barack Obama to say I feel your pain that I have caused." - George Will