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oiveyisme: <<<<re ROTH IRA this is somehting I am curious about too.

Explain what is taxed on a Roth if over the next 20 years $2000 (and more if they increase it) is put in each year. We wouldn't pay ANY tax on the gains OR the incme even upon distribution? Say we take it ALL out? no penny would go to the IRS?>>>>

avjo: "Nothing. You take your principle and anything over that your earned in the account tax free when you retire."

ASSUMING THAT THE RELEVANT TAX LAW DOES NOT CHANGE IN THE INTERVENING YEARS. I have danced around this topic with either TMFPixy and/or TMFTaxes, especially WRT to potential grandfathering and limits of changes. In addition, national sales tax in lieu of income tax would make this mney taxable as spent.

Regards, JAFO

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