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pauleckler: "As to changing the law, anything is possible, but with millions of voters participating in the plan, changes to make tax free benefits taxable will not be very popular. I would say other tax increases (such as adding a value added tax) is more likely. That way everyone pays. Not just those who saved for retirement in plans with benefits promised by their politicians."

Like FairTax, a consumption tax.

I am on record somewhere on TMG long ago as suggesting that eventually Roth IRAs will eventually be taxed liked non-deductible, traditional IRAs --- amounts contributed will establish basis, withdrawals will be allocated between basis and gain, and gain will constitute ordinaly income.

Regards, JAFO (the cynical)
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