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http://boards.fool.com/gtgt-no-you-pay-tax-now-on-the-after-tax-14715175.aspx
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| Subject: Re: No-deductible IRA contribution | Date: 4/6/2001 10:36 AM | |
| Author: karisxu | Number: 28943 of 72263 | |
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>> No. You pay tax now on the after-tax contribution, becasue it is income earned this year. Over time, that contribution will (hopefully) grow. When you withdraw the money, you will pay tax only only the gains and pre-tax contributions, not on after tax contributions. Thanks. Do you know where did you read this? I was trying to find some information about that. |
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