Maybe I am missing something, here. But, if the feds tax 401k accounts doesn't that completely nullify the advantage of that type of account? Why would I put money in a taxed account that also invokes a 10% penalty if I make a withdrawal before I am 59 1/2? This would be the end of IRA's, 401ks, etc. Dems don't think anything through. They just talk, words without knowledge.