SB - Taxes
ON November 1, 2005, The President's Advisory Panel on Federal
Tax Reform ("Panel") submitted its report ("Report") to the Secretary of the Treasury.1 At 272 pages, this is the most important and wide-ranging plan to reform the United States federal tax system since Blueprints for Basic Tax Reform (1977).2
2006 - AP -The Report of the President's Advisory Panel on Federal Tax Reform: A Critical Assessment and a Proposal, Reuven S. Avi-Yonah
1977 - Treasury - Blueprints for Basic Tax Reform
The Save for Retirement accounts would replace existing IRAs, Roth IRAs, Nondeductible IRAs, deferred executive compensation plans, and tax-free “inside buildup” of the cash value of life insurance and annuities. Contributions would be made with after-tax dollars like current law Roth IRAs and earnings would grow taxfree.