Lipstick, Light Beer, and Backloaded Savings Accounts
Karen C. Burke
University of Florida Levin College of Law; University of San Diego School of Law
Grayson M. P. McCouch
University of Florida Levin College of Law
November 17, 2005
San Diego Legal Studies Paper No. 07-24
The article addresses current proposals for expanding tax-preferred individual savings accounts and their implications for retirement security and tax policy. The authors argue that the yield-exempt approach embraced by the Administration in its proposals is likely to generate enormous long-term revenue losses, exacerbate inequalities in income and wealth, and erode broad-based coverage under employer-sponsored retirement plans. In addition to these fiscal and distributional concerns, they conclude that the proposals pose a serious obstacle to fundamental tax reform.
Number of Pages in PDF File: 56
Keywords: tax policy, employee benefitsworking papers series
Date posted: November 30, 2005
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