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Stock Advice Thread

Over the years, tax laws and administration have been managed by both parties. It's been more the question of where in the economy and tax base, the increases and cuts are directed. Yes, it's always been a political football. I think it fair and accurate to say that Democrats are definitely more inclined to promote higher taxes for the wealthy, no question.

Also, it was the Reagan administration that signed into the law the taxation of Social Security benefits in 1983, but the amendments to do so were passed by an overwhelmingly bi-partisan vote. Based on that situation ... and I sure hope it never happens, of course, but the suggestion that earnings on Roth accounts might become taxable is certainly not out of the question. However, Roth IRAs have been a tremendous and popular vehicle for MANY Americans to save for retirement years and I would like to believe that any party suggesting such taxation would be committing political suicide ... making it a near impossibility.
Would take away a key advantage of Roths, too.
 
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