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URL:  http://boards.fool.com/no-you-pay-tax-now-on-the-after-tax-14715329.aspx

Subject:  Re: No-deductible IRA contribution Date:  4/6/2001  10:54 AM
Author:  PMcMullenCT Number:  28944 of 75340

No. You pay tax now on the after-tax contribution, because 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?

"If you made both deductible and non-deductible contributions, then each IRA withdrawal is taxed in proportion to the mix of deductible and non-deductible contributions in all your IRAs. For more information on calculating the tax, see IRS Publication 590."

http://www.neamb.com/lifeplan/retresctr/hww19.html
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