Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (57775)	8/4/2000 12:01:11 PM
From: Les H	Respond to of 99985

There's a gaping hole in the Gore plan also. With the government matching funds, many people can just borrow the money to place into an IRA, get the matching funds, and pull it out and probably just pay the 10 percent early withdrawal penalty. They pocket a nice $ 3400 profit for doing nothing, especially if their tax bracket is very low or they receive EITC since the $ 2000 contribution will also help them collect a bigger EITC. EITC is already one of the most fraudulent tax credit programs.