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Non-Tech : Wit Capital - The way of the future? -- Ignore unavailable to you. Want to Upgrade?


To: ChopChop99 who wrote (5874)6/29/1999 9:52:00 PM
From: alvin ung  Read Replies (2) | Respond to of 16809
 
Actually you can only deduct 2000 per year for IRA's and the taxes are deferred. If its a Roth IRA you would pay taxes on what you put into the account initially and then would not be taxed on any future gains in the account.
Alvin