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Politics : PRESIDENT GEORGE W. BUSH

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To: SecularBull who wrote (149420)5/29/2001 2:36:27 PM
From: Nadine Carroll  Read Replies (2) of 769670
 
SEP IRA's are available only for the self-employed and are limited to 15% of earnings. Wage earners can only use 401Ks, up to $10,500 and IRAs and Roth IRAs, within income limits.

Generally, owners of assets, corporations and real estate have many more ways to shelter income from taxes than those who receive dividends or wages.

Many owners of assets are not rich, but most rich people are owners of assets.
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