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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 691.72-0.1%4:00 PM EST
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To: Benkea who wrote (64513)12/17/2000 9:21:39 PM
From: James F. Hopkins  Read Replies (1) of 99985
 
RE >> your entirely incorrect original post.<<
Maybe I didn't word it where you could understand it
but it was not incorrect.

The fact is I now have to pay TAX on what I put in
plus what I gained on any I take out, and at
the regular income TAX rate.
1 That rate is higher now than when I put in
2 That rate is now higher than Cap Gains.
--------------
Because I deferred some Taxes don't equate to a loan
that's shit, butif you want to look at it as
a loan don't think it was interest free..
As they now get much more back in TAXES than I saved
by going that way.
--------------
It was sold on the deal that my taxes would be lower
later..ha ha that turns out to be bullshit.
Like most of the gimmicks they have come up with
to help out the Wall Street bookies .
-------------
I don't know where you are but ordinary income
Tax rate is now higher for me than Cap Gains
Tax is, on top of that in as much as I will have to
claim it as income even after I have gone on
S.S. taking any amount out can screw me out of
the S.S.
-------------------
They give with the right hand then unbuckel you pants
and bend you over with the left.
The Roths sound great , but what about 2007 to 2010
when the baby boomers all want to retire and the gen X
can't buy enough to hold up prices in this glorified
ponzi scam.
Then the 80s in Japan come to America , and all that tax free shit aint worth a crap when value of it drops 90%.
it's in the demographics , less people paying in
can't hold a market up when the number getting out
overwhelms them.
-----------
Wall Street already sees this and that's the why of the
push to get their greedy hands on S.S. money before
it arrives, if history repeats they will get it
as they usually get what they want, and with all that
Tax money going in I expect one big last run up then
with every one so sure of how smart they have been
and just going nuts counting their gains and all
convinced the market can never crash..and all the things
on go go go the way it always happens just before a crash.
-------------

Well I said I expect one more run up, but you know
if they do another CAP GAINS TAX CUT a lot more people
may decide to retire a lot sooner than I thought.
Even sooner than they thought, It'll be hard for Wall
Street to get their hands on the S.S. money if she keeps tanking.
But I expect they have one more rabbit to pull out of
the hat, and it looks like old Spam is reaching for it.
Jim
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