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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Amir Shalit who wrote (97041)7/26/2002 1:02:09 PM
From: Skeeter Bug  Read Replies (2) | Respond to of 132070
 
amir, i have a friend who lost about $500k in the last 2.5 years. i think he made about $500k in the "go go" era, but he paid all his tax on the gains. now he gets a $3k deduction for life. -ng-

i always told him, i don't play the tulip game b/c i couldn't tell when it would end. neither could he.



To: Amir Shalit who wrote (97041)7/26/2002 1:46:36 PM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
Amir, non-taxable accounts are the fastest growing, but taxable accounts are still larger. Plus, non-taxable accounts are not non-taxable. They are just later taxable. My guess is that by the time the boomer bulge is ready to retire, we'll go back to 70% rates on "non-earned income."


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