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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (317065)12/24/2006 2:31:02 AM
From: Elroy  Read Replies (1) of 1574273
 
Rich would be those whose income is mainly from investments and other non-wage sources.

This makes sense. If you can live off your investment income you're probably "rich".

But some exception to that rule should be made for retired people who have save enough to get by following 30-40+ years of work. It doesn't seem to fair to have someone work 40 years, save, retire at a reasonable income from investments, and then tax away their retirement income because they've fallen into the rich category as a result of no longer having a salaried income.
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