So, uhh, you really have $3M or anywhere near that amount in your IRA w/o running a Romney scam? Really?
It's not like you'll never pay taxes on retirement accounts, either- that's why they're called *deferred compensation* plans. You pay taxes when the money comes out...
Yes and Yes. I've maxed out my 401k since I was 21, and have been investing additional income in IRA's since that time as well. The collective balance in those accounts is not $3M yet, but if a 7.5% ROI is assumed, it will be in the not too distant future. Certainly well before the traditional retirement age of 65.
I have no problem paying taxes on deferred compensation accounts, so long as the taxes incurred are the one's that I expected to pay when I entered into the investment. Changing the tax laws governing an
investment is a bit like changing the rules of the game as it is played.
As for your comment on the Romney "Scam," the mans marginal tax rate was reduced in large part due to his choice to DONATE large swaths of money to charitable organizations, something that the government supports. Hypothetical question- If a rich guy donates 10M to the red cross with the consequence of reducing his marginal tax rate to 18% from 30%, is he good or evil?