The Worker Tax Penalty
If we tax what we want less of, then it would appear that we want people to stop working and retire as soon as possible. One little understood effect of our tax system is that it redistributes income from workers to retirees.
If we tax what we want less of, then it would appear that we want people to stop working and retire as soon as possible. One little understood effect of our tax system is that it redistributes income from workers to retirees.
Want to pay zero taxes in retirement? It's amazing what an understanding of the tax code plus the use of tax-protected accounts can do.
Want a massive tax break? Retire early. Retirement income receives much better tax treatment than earned income.