‘The 401(k) industry owns Congress’: How lawmakers quietly passed a $300 billion windfall to the wealthy

@jeffw · 7 months ago

‘The 401(k) industry owns Congress’: How lawmakers quietly passed a $300 billion windfall to the wealthy

@jeffw · 7 months ago

In a 401k? Yes. But if you read the article:

Today, wealthy taxpayers can protect up to $452,500 per year in tax-advantaged accounts in a single year, saving up to $203,600 on their taxes. And they can keep their money in tax-advantaged accounts far longer.

There are many types of tax-advantaged accounts.

https://www.investopedia.com/terms/t/tax-advantaged.asp

‘The 401(k) industry owns Congress’: How lawmakers quietly passed a $300 billion windfall to the wealthy

‘The 401(k) industry owns Congress’: How lawmakers quietly passed a $300 billion windfall to the wealthy

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