JFlorio wrote:
There is nothing wrong with a back door ROTH. The “rich” would still be taxed on the amount of taxable (Qualified) money when that money is t***sferred to a ROTH. The money in the ROTH IRA grows tax deferred and comes out tax free. After five years or longer. The money they contribute to the IRA they will convert is not a tax write off because they make to much money. This is just another supposed money grab.
Yep.