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To: upanddown who wrote (82944)12/28/2000 10:02:44 PM
From: eightbanger  Respond to of 95453
 
John,

You have it right. FICA/Medicare is high ... for those who are self employed it can be twice as high ... mix in federal and state income tax and then add a little alimony -- and you wonder who you are working for!

Having it all inside a Roth IRA eliminates the tax and the need to caluclate all those gains and losses. Of course,after the year we have had, everyone on this board should has enough change to hire a CPA or lawyer to do that for them!

8B