Boost to Economy: No Taxes on Earnings Paid to 401k/ Pension Plans

By: quill67 (Diary)  |  October 25th at 10:32 PM  | 

But aren’t 401K and pension funds untaxed now? You as an individual don’t pay any tax on these earnings (until withdrawn) but the corporation must pay a tax on these earnings even if they are going to your retirement fund. This means that right now every worker who is saving for retirement is being taxed at a marginal 35% rate! (higher if Obama is elected)! | Read More »