Share your insights or perspective on the financial matter presented in the input.

why is the money withdrawn from traditional IRA taxed at the ordinary income tax rate?
It would be fairer to the average person if we paid our normal tax rate on the amount we contributed to the IRA and paid at the capital gains rate for the difference. The same as people that invest outside of the IRA. Most IRAs aren't that large and most people are going to have a rough time living on the reduced social security. It seems like we are taxing the average Joe at a higher rate than the rich.