The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Amy J who wrote (26285)	12/28/2004 11:15:43 PM
From: deeno	Read Replies (1) of 306849

ot "The rich folks use Annuity Charities to stuff millions and millions of dollars of gains (non-retirement money, mind you), where the gains are instantly tax free" although your not wrong, your way to simplistic. Do you really Know how they work? or are you just quoting a friend of a friend of your brother in laws CPA. Remember at the very least the CHARITY gets the money when you die not your poor desititute children waiting for thier inheritence. Die tomarrow your children would be very upset. "After looking at the numbers on these plans, it's a pretty darn good deal." true, but ask your kids if its ok "How would you like to have all your stock market gains tax free? " and then give it all away to poor people. you earned it, you spend it and give the rest away sounds ok to me. "Meanwhile, back at the farm John & Sally are slogging away at saving some money into a humble IRA or 401k." rich people dont need to save, the NICE ones give some back when they are gone. I guess the middle class just enables their heirs. Stop complaining about other peoples tax advantages and start working on getting your OWN. I'll vote for anything that give the government less money.

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