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Politics : President Barack Obama

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To: Bread Upon The Water who wrote (19793)5/1/2008 11:46:00 AM
From: worksinjammies  Read Replies (1) of 149317
 
All 401K money is taxed as ordinary income coming out, including contributions which were also never taxed. (Unless you have a new Roth 401K)

As fro non qualified brokerage accounts, LT cap gains can be characterized as LT or ST, so if the cap gains rate is higher than your income tax rate, there is a way to take them distributions which will be taxed at ordinary income rates.

WIJ
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