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The IRA Conversion Provision in the 2006 Tax Reconciliation Bill (PDF)
Urban Institute
May 12, 2006 9 pages. "To meet that revenue target while still including all of the tax cuts that Congressional leaders wanted, several tax increase provisions were also included in the package. One of the largest is the provision allowing taxpayers to convert IRA balances into so-called Roth IRAs. The Joint Committee on Taxation reckons that this provision would raise $6.4 billion in revenues over the 10-year budget window." MORE >> |
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