End Notes: [1] See Joel Friedman, ???Senate and House Reconciliation Tax Packages: Nearly $100 Billion in Tax Cuts are on the Table,??? Center on Budget and Policy Priorities, Revised January 10, 2006. [2] Income earned in retirement accounts such as 401(k)s and traditional IRAs are taxed only when funds are withdrawn from the accounts, and at that point are subject to regular income tax rates.