El Arte de la RelajaZIHón

You are right and I misspoke. Ordinary income tax is paid when withdrawals are taken from pretax retirement accounts. I haven't had to tap my pretax accounts yet and therefore haven't had to pay those taxes. In a few more years that will end; I will be required to take an RMD, a required minimum distribution and pay the tax on it. So far, I've been paying capital gains on after tax investments that have been sold to fund our retirement. And yes, I'm not thrilled with proposals to basically double the capital gains tax rate or to tax unrealized gains.