Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: kollmhn who wrote (82919)	12/28/2000 4:55:25 PM
From: upanddown	Read Replies (1) of 95453

if you are in the 15% bracket (very few serious investors are) Well, Koll, in defense of 15% bracketeers, you have to remember everyone's situation is different. I'am not sure Wall Street considers me a serious investor but I do. I think there are plenty of people like me, lots of assets but little taxable income. My situation is retired with 75% of assets in an IRA. I pay far less taxes than when I was working while making far more money than I ever made working. All perfectly legal. With investment earnings, you can do some tax managing. With earned income, you are a sitting duck. I sometimes wonder why the hell anyone works (other than to keep the wolf from the door, of course)<g>. Another nice benefit of not working is no SS tax. All in all, I can't afford to go back to work. John

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