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Bill aka lectic writes:

<<Pixy - I finally found something I sort of disagree with you on. Everything you say is true, but, in the 25 years I have had to deal with the Internal Revenue Code I have yet to see Congress leave anything alone. For those people who can do either a Roth or a deductible IRA I wonder whether paying the tax and contributing to a Roth is a good idea. The Roth front loads the tax burden. Suppose ten or twenty years down the road Congress, in an absolute panic to save Social Security imposes a special surtax on those people receiving Social Security and Roth distributions. It won't be a direct tax on the Roth, just an end run. >>

I doubt we disagree at all. The Congress giveth and the Congress taketh away. Mostly it's the latter. Go back to posts on this board from roughly September 1997 through August 1998 and you will find hundreds of posts that talked to this issue. My bet is some future Congress will do something along these lines. First, they will stop future contributions to Roths. And next, they will find a sneaky way to grab some of the earnings in existing Roths, most likely in an indirect manner like a special estate tax, the means testing of Social Security benefits or through a national sales tax.

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