brewer12345
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 6, 2003
- Messages
- 18,085
Capping Top Earners
"Pressure is growing to change incentives for retirement savings as U.S. lawmakers look for revenue, and top earners may pay the price.
The budget challenges confronting the federal government are leading to scrutiny of tax-advantaged savings accounts such as 401(k)s because they’re among the costliest tax breaks. A Brookings Institution report scheduled for release tomorrow will add to research that recommends curtailing the benefits for top earners to boost U.S. coffers."
Top earners seems to mean anyone above the 28% tax bracket.
"Pressure is growing to change incentives for retirement savings as U.S. lawmakers look for revenue, and top earners may pay the price.
The budget challenges confronting the federal government are leading to scrutiny of tax-advantaged savings accounts such as 401(k)s because they’re among the costliest tax breaks. A Brookings Institution report scheduled for release tomorrow will add to research that recommends curtailing the benefits for top earners to boost U.S. coffers."
Top earners seems to mean anyone above the 28% tax bracket.