Quote:
Originally Posted by DudeRick
No, its not the same thing... Income tax is on the money that you earn, taxes on interest and dividends is on profit from your savings and investments. They are taxed at different rates. Not just for the riiiiiiiiiiiiiiiiich, but everyone with a savings or a 401K account.
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You should give up on this thread now.
401k is a tax deferred plan. You still pay ordinary income tax when you withdraw it.