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0x6a74 writes,

but ..something they could easily do .. lower the RMD for IRA age down from 70 to whenever you start taking SS ..


The original IRA legislation had a 15% penalty for "excessive" IRA withdrawals (those over $160,000/year.) The idea was that IRAs were a retirement account, not a tax evasion vehicle for the wealthy.

http://money.cnn.com/magazines/fortune/fortune_archive/1997/...

That champion of the common man, Texas Senator Phil Gramm eventually passed legislation ending the so-called "success tax" in 1998.

It's probably time to bring it back if we're serious about cutting deficits.

intercst
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