Suppose that the President and Congress were to pass a law stating that future shortfalls in the Social Security program would be funded with across-the-board increases in income taxes at the time of the shortfalls (and well after their tenure as elected officials).How would you expect this law to affect the relative attractiveness of traditional IRAs versus Roth IRAs to a 25-year-old today? Explain.

Question

Quizplus · Accepted Answer

The Answer of Suppose that the President and Congress were to pass a law stating that future shortfalls in the Social Security program would be funded with across-the-board increases in income taxes at the time of the shortfalls (and well after their tenure as elected officials).How would you expect this law to affect the relative attractiveness of traditional IRAs versus Roth IRAs to a 25-year-old today? Explain.

Suppose That the President and Congress Were to Pass a Law