While if the government chooses to increase the tax rate for the young, the effects of the tax-deferred policy for enterprise pensions will be just the opposite.

在提高年轻人税率的财政预算平衡方式下，企业年金纳税递延产生的经济效应恰恰相反。

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"But you can certainly find situations where you'd be a fool to drop an existing policy, " Mr. Daily says, especially if it's an older "whole life" policy the kind that builds cash value some of which offer a tax-deferred rate of return on the cash value of over 3%.

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This way capital gains and dividends will be taxed at a top rate of 15%, whereas the investment return on deferred pay is all eventually taxed as ordinary income at a top rate of 35%.

FORBES: Strings Attached

In a taxable account, net long-term capital gains are taxed at a rate lower than the ordinary income-tax rate for withdrawals from tax-deferred retirement plans.

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