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The super rich use 401(k)s and IRAs to sidestep taxes on millions of dollars. This proposed law would cut them off.

MarketWatch

BusinessMarketWatch·Jul 22, 2026·1 min read

The super rich use 401(k)s and IRAs to sidestep taxes on millions of dollars. This proposed law would cut them off.

More than 200 individuals had a total of more than $85 billion in tax-sheltered retirement accounts

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