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by lotsofpulp 1307 days ago
>I'd even go as far to say that the $5k/yr contribution limit of Roth account makes it pretty clear that Roth was not supposed to be used to gain tax privilege on vast sums of money.

How is this clear? By the same reasoning, one could say the lack of specification of maximum tax free gains makes it pretty clear that Roth was supposed to be used to gain tax privilege on vast sums of money.

1 comments

Then why would they put in a maximum contribution? Why have any limit at all if it is as you say it is?

Are you implying that the government was trying to create a lottery for tax shelter? Or a shelter that at the minimum benefits the wealthiest class? Sure--it's available to everyone, but how much wealth is being sheltered by the lowest 90% vs the top 10%?