54 • RUBY, WILDING & SWANSBURG And, it gets worse. In truth, you’re paying back your IRS dc oenbttr wi biut ht i oi nntse, raens dt . Ay of tue’rv ea l al , l syoo ua vdoeifdeer dr e pd atyaixnegs toanx eyso uo nr ItRhAe gc or omwptohu. nI nd itnhteeorreys,t ,t bh ui st hn ao swg, iyvoeun’ l lybo eu pma yo irneg oi np cpoomr t eu nt ai txieess ot no your IRA contributions and all the growth that’s occurred in your account. The IRS is taking its cut of your principal and your earnings. Your Silent Partner Iint’sytoiumreItRoAsotarr4t 0th1i(nkk)i.ng of the IRS as sort of a "silent partner" Just how big of a silent partner is the government? That depends on how big your tax bill is. Unfortunately, the IRS is a partner who can change his ob we cnaeurssehti hp es hg ao rvee—r nwmiet hn ot uc at ny ocuh aenv ge en taagxr er ea itne gs itno ti th! eAfnudt ut rhea. t ’ s Imagine having a business partner who owns 25 percent od fi syt or iubru ct eodm pf raonmy . Yyoouu rk ncoowm pt haanty, , i nt ht hi se pf uatrut rnee, ra swpi lrl o fgi et st a2r 5e pc he ar cnegne td. hBius t o, wo nnee rds ha yi p, ys toaukre ;pna or twn ,e yr oiun foowr me sh i ymo u3 0t hpaetr cheen’ st of your profits. That’s madness, right? We would never agree to a ba pu ps irnoevsasl . pBaur tt nwe re tahlal ot wc a tnh ce hIaRnSg et ohdi so oiwt wn ei trhs hoi pu rwriet thi or eumt oe un rt accounts every year.
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