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To: Henry J Costanzo who wrote (138314)11/7/2006 4:53:19 PM
From: skinowski  Respond to of 209892
 
Thanks...

cash going to pension plans, with 39%, would be taxed only in the hands of future beneficiaries.

So, they decided to stick it to foreign investors and to pension savings. Pension income would eventually get taxed anyway, upon distributions... but the government doesn't care about pension savings... they MUST have their cut right now.

(I'm trying to watch my language this time).