Lipstick, Light Beer, and Backloaded Savings Accounts

56 Pages Posted: 30 Nov 2005  

Karen C. Burke

University of Florida - Levin College of Law

Grayson M. P. McCouch

University of Florida - Levin College of Law

Date Written: November 17, 2005

Abstract

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

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

Karen C. Burke (Contact Author)

University of Florida - Levin College of Law ( email )

P.O. Box 117625
Gainesville, FL 32611-7625
United States

Grayson M. P. McCouch

University of Florida - Levin College of Law ( email )

P.O. Box 117625
Gainesville, FL 32611-7625
United States

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