In response to:

Obama’s Success: The Poor Get Poorer, And The Rich Get Poorer

Younger Wrote: Apr 11, 2013 12:21 PM
It is true that the increase in the value of a Roth IRA is not taxed--but all other IRA's are taxed as they are paid out. Apparently you do not how comprehend the working of IRA's.
renny4 Wrote: Apr 11, 2013 12:31 PM
Roth's taxes are paid up front. No one ever escapes taxes.

President Barack Obama wants your money now. Like, right now.

Talking Points Memo has the details … breathlessly:

“A new provision in Obama’s budget ‘[e]nds a loophole that lets wealthy individuals circumvent contribution limits and [ac]cumulate millions in tax-preferred retirement accounts,’” Talking Points Memo wrote, quoting a budget summary released by the White House, which will reveal its new budget Wednesday.

I can’t wait!

OK, so basically, the guy chronically incapable of self-restraint when it comes to federal spending is going after people who save money for retirement by imposing a caps on IRAs. His argument...