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|Subject: Re: Cancellaton of Tax-free Roth Withdrawals??||Date: 11/30/2010 12:42 AM|
|Author: Rayvt||Number: 67755 of 76907|
does the government have the authority to actually cancel that entire feature of these accounts, even accounts that have been open and funded for years? And if so, is there any way to safeguard against this?
Look at what they did in the 1986(?) tax reform. Social Security payments became taxable. But your contributions into SS was with after-tax money, so the money that SS pays you should not be taxed since it was already taxed once.
All they have to do is change the law. Two votes in congress and one predential signing and it's done.
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