It appears that future taxes will probably be higher for most, not lower, due to an exploding national debt as well as tens of trillions of unfunded promises to fund Social Security and Medicare. Since a great deal of money will be required to fulfill these government promises the only people that will be taxed to pay for this will be people with taxable income. All monies taken out of qualified plans are taxable, at the then-current rates when income is taken. It is a simple math problem, with taxes probably having to go up in the future; it just makes sense to pay the taxes sooner than later.
“The only people that will be taxed, to pay for this, will be the people with taxable income.”
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