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Message: <blockquote data-quote="bacha29" data-source="post: 2482083" data-attributes="member: 58386"><p>Now are you telling me that you are receiving a 1099 misc every year showing the amount that was deposited in your account and your are paying federal income tax on the amount in the year it was deposited.?  Roth IRA's work in a similar fashion. However if it's a qualified retirement plan it will be taxed either going in or coming out. Why? The money is considered to be a deductible operating expense to X. So if you believe that you are  NOT going to be paying taxes  you are in for a big surprise. If you don't believe that then why are retirement plans depending on the size of the withdrawal  are required to withhold taxes.? Furthermore I never said that it was taxable at the time of deposit. I said it was taxable at the time of WITHDRAWAL.</p></blockquote><p></p>