
346 | How Do I Figure Out the Taxes on This?
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The Tax Treatment of Traditional Accounts, Right?
A traditional i r a or foron k et, cetera. You get a tax deduction on the front side rit you've never paid tax on that income. So let's say again that ten thousand, over many, many decades, grew to a million box and then in that next year, you decide to pull out a million, all of it, right? You pay tax on every single one of those dollars. That goes on your tax return as ordinary income, and that's what you're tax on. Is all of how you think about this kind of way is taxable from a real high level,. jonathan, i think that pretty much covers, like, the
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