Tuesday Tax Trade-off: Help Seniors Get Social Security vs. Lower Taxes for Multimillionaires

William Rice, Policy Consultant, writes at Americans For Tax Fairness’ blog: “During the 2012 election, we learned that presidential candidate Mitt Romney had accumulated over $100 million in his tax-favored retirement account. He was able to do this because of a provision in the tax code that encourages middle-class families to save money for retirement in IRA and 401(k) accounts. But some very wealthy individuals are using these retirement accounts to tax shelter tens of millions of dollars.”

CLOSE
CLOSE