Re:New law lets you defer capital gains taxes by investing i...
by refurb on Thursday October 18, 2018 @08:11PM
(#18253409)
You need to read up the history of the 401k.[1]
It was an obscure part of the tax code that was never intended to be a tax-deferred saving vehicle until some guy named Ted Benna figured it out. He even suggested it to other clients and they said "no, the IRS will never buy it".
So is your argument that anyone using a 401k is a "greedy tax cheat"?
It was an obscure part of the tax code that was never intended to be a tax-deferred saving vehicle until some guy named Ted Benna figured it out. He even suggested it to other clients and they said "no, the IRS will never buy it".
So is your argument that anyone using a 401k is a "greedy tax cheat"?
[1]https://learnvest.com/article/your-401k-when-it-was-invented...