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Politics : American Presidential Politics and foreign affairs
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To: Peter Dierks who wrote (48882)1/3/2012 7:36:03 PM
From: TimF  Read Replies (1) of 71588
 
Its not explicitly, or directly a tax. In simple terms it isn't a tax. But its effect is the the same, you get less money, and the (local) government gets more (than it would have if it had to pay the going rate for non-tax advantaged investments).
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