Thread: General Politics Keynesian Job Program / Stimulus Plan
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Old 02-03-2013, 07:06 PM   #110
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Quote:
Originally Posted by patteeu View Post
Ok, I misread that. So where are you confused, because a Roth IRA (taxed on front end but not on back end) is the opposite as a consumption tax (untaxed on front end, taxed on back end)? You should be using a traditional IRA for your examples, but even then you aren't dealing with IRA limitations and early withdrawal penalties.
I never compared an IRA to a consumption tax. I only said that it's possible (very possible, in fact) to save enough to build a nice little nest egg, even with an income tax. This was my response to a comment which I took to basically say, "We would be able to save a nice little nest egg if we didn't have an income tax, but rather had a consumption tax."
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