I'd care if it SIMPLIFIED tax preparation. The current
situation is that we have around a dozen of these
tax-deferred personal responsibility savings accounts
available to general public- IRA, Roth, 401/403, MSA, HSA,
529- to name a few. Each requires piecemeal contributions,
administration by customer and bank, and entries on a tax
forms (whether periodically or withdrawal). I'd prefer a
consolidated "universal" account with the same properties.
We are adults here and can manage the appropriations.
Something like "30-30" accounts, i.e. 30% of income up to
$30K, etc. The Republicans want to transfer other
government functions to these accounts such as social
security, unemployement, medicare, education, and housing
inducements.

The drawbacks to universality means less business for tax
preparers. And the same people who can't save now, won't be
able to save with any type of account whether universal or
fractured.

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Mak Wilson wrote:

- quote -

Generally: "If it ain't law, we don't care." :-)

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Anyone know anything new on the LSA's proposed by the Bush
Administration slated for '05? Is the LSA on schedule for
being created? Any new info is appreciated. Thanks.

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