56 Pages Posted: 30 Nov 2005
Date Written: November 17, 2005
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.
Keywords: tax policy, employee benefits
Suggested Citation: Suggested Citation
Burke, Karen C. and McCouch, Grayson M. P., Lipstick, Light Beer, and Backloaded Savings Accounts (November 17, 2005). San Diego Legal Studies Paper No. 07-24. Available at SSRN: https://ssrn.com/abstract=851507 or http://dx.doi.org/10.2139/ssrn.851507