Remember the old joke about the IRS' simplified Form 1040? It looked like this:
1. Write the amount of your total income from all sources here: ___________
2. Send us a check for the amount on line 1.
What could be simpler? Now add to that a couple of new lines:
3. Write the amount in all your retirement accounts combined here: _________
4. Send that in, too.
Investors Business Daily warns that the Democrats are setting their sights on individual retirement accounts, including 401(k) accounts and Roth and traditional IRAs. Link.
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