Tiggertoo:>If our tax system changes and becomes based on a consumption tax, people with tax-deferred accounts would THANK their elected representatives !!!<<<TiggerToo:<Mark, this is not intended to be critical, but I would appreciate knowing your logic for this statement?>Me:Not trying to put words in Mark's mouth, but I think he means that somebody who invests in a Traditional IRA & expects to pay perhaps 28% income tax on those returns would be pretty psyched to find out that the tax rate is dropping to 15-18% due to a flat income tax, VAT, whatever. The folks screaming bloody murder would be the Roth investors who have already paid their 28%!Chris
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