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What’s in the Proposed Crackdown on Megasize Retirement Accounts

The Wall Street Journal Original article ›

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Under the proposed IRA regulation people making more than $450,000 a year and with investment balances of $10 million are no longer eligible for IRA's and their benefits. Overall looking at Americans with large incomes and in the top 20% of the income distribution  somewhere near $600 billion is not collected each year which can be used for national health insurance and reducing pharmacy costs, and for infrastructure to improve the quality of life for Americans.



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