401 tax deferment is bad for balancing the books now (NOT a real issue for the Republicans who as usual, trot out the famously inaccurate prediction that increases of taxes from tax cuts to the rich and, to businesses)(disproven during the real actor's presidency - u remember, a rising tide floats all boats when actually is just flooded the wetland making the swamp we now have).
Can anyone really explain why capital gains are treated differently?
I find it interesting but not surprising in a country that touts itself as best for financial mobility, money (wealth) that is earned by going to work is taxed highest, while wealth that is earned from disposable income (investment)(wealth) and inheritance is taxed lowest?
Tell me again how this helps mobility, it seems to favor a wealthy class and poorer worker class.
If you want real tax reform, include all wealth as it is transferred from one to another.