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For a 2 yr period, allow US Citizens to contribute up to 3 mill. to a Roth(Tax Deferred)Trust and pay the tax over 3 yrs

Created by M.B. on March 10, 2013

For a period of two years, allow US Citizens to contribute earned income of up to three million dollars to a Roth Trust. Legislation would allow for the creation of this financial instrument that operates like a Roth IRA, with he exception that contributions may only be made during this two year period.

Allow individuals who have contributed to pay ordinary Federal income tax on these contributions over a period of three years.

Contributions that grow tax deferred may be invested similarly to Roth IRAs. This immediately builds revenue and bolsters our economy through market participation.

Budget & Taxes
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