jeffw@lemmy.world to politics @lemmy.world · 7 months ago‘The 401(k) industry owns Congress’: How lawmakers quietly passed a $300 billion windfall to the wealthywww.politico.comexternal-linkmessage-square21fedilinkarrow-up1154arrow-down14cross-posted to: [email protected]
arrow-up1150arrow-down1external-link‘The 401(k) industry owns Congress’: How lawmakers quietly passed a $300 billion windfall to the wealthywww.politico.comjeffw@lemmy.world to politics @lemmy.world · 7 months agomessage-square21fedilinkcross-posted to: [email protected]
minus-squarejeffw@lemmy.worldOPlinkfedilinkarrow-up2·7 months agoIn 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
In a 401k? Yes. But if you read the article:
There are many types of tax-advantaged accounts.
https://www.investopedia.com/terms/t/tax-advantaged.asp