Personally, I'm stunned at just how biased our tax system is already biased towards the wealthy. I was bummed that I couldn't put money in a Roth IRA this year (good problem to have, I know, but it's just a one time thing). But then I learned they count Adjusted Gross Income, and you can deduct.....drum roll please....401(k) contributions! So basically, if you are already in a place that you can sock away a ton of cash, we'll help you sock away more! Not that I'm not taking advantage! 
We already have private accounts, I don't understand why we need a second layer.
|