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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: JDN who wrote (94802)1/11/2005 6:14:02 PM
From: DMaA  Read Replies (1) | Respond to of 793826
 
Better than these stupid gimmicks the pols dream up ( that they can turn around and take at any time ) would be to eliminate tax on cap gains and interest.



To: JDN who wrote (94802)1/12/2005 10:36:01 AM
From: DMaA  Respond to of 793826
 
A Fable:

Once there was a community of mice who had through perseverance and hard work, accumulated a store of cheese. Along came a group of scientists who took the cheese from the mice and placed it at the center of a complex maze that they had devised.

Some of the mice shrugged their shoulders and started to gather more cheese. Others entered the maze to attempt to gather their “prize”. Some were stymied by the complex and arbitrary twists and turns of the maze and left without their prize. Others persevered and after long hours of effort gratefully took possession of the cheese.

And the scientists noted with interest that while the mice were on their quest to recover what after all was their own cheese, many were praising the scientists for the wonderful opportunity they had given them.

Great investment, if you go with the traditional IRA fully tax deductible (though you have to pay tax when withdrawn), interest also tax deferred till withdrawal.



To: JDN who wrote (94802)1/12/2005 4:16:40 PM
From: Neeka  Read Replies (1) | Respond to of 793826
 
And even greater is the SEP IRA that allows a small businessman (under 50 employees) to put away 25% of what he earns if he registers as an S Corp.

We've taken advantage of both the regular IRA, Roth IRA for me......the non-working spouse, and the SEP IRA for the working spouse, and they've all done well invested in the US stock market.

John Edwards understands the benefits of registering his law practice an S corp.

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