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Politics : New FADG. -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (2256)	7/11/2007 7:57:13 PM
From: kumar	Read Replies (1) \| Respond to of 4152

I believe (but check with your accountant), if u draw funds from a 401K you pay 20% tax, if u rollover the funds to an IRA, and draw from the IRA, you pay 10% tax. These numbers apply to drawing prior to retirement age.

To: Brumar89 who wrote (2256)	7/11/2007 8:27:13 PM
From: michael97123	Respond to of 4152

Abaolutely right about your situation. Frank was talking specifically to the private equity firm issue like blackstone. Actually i am very skeptical about partners in a business getting 15% rate when corps pay 35% but thats not the issue for frank. Frank was using the example relzting to cap gains in general and the effect of 35% or 15%. Frank gave us the slippery slope starting w private equity and ending up with your personal cap gains. Same rule for income tax. Everytime marginal brackets on income goes up significantly investment by those folks goes down. Its the way it is. Note today budget deficit for this year will be consideraably lower than first thought as was last year. Thats because the economy is good and folks are paying more taxes and guys like you are cashing out when they can. IF rates are higher, the economy gets bad and the deficit goes up. But barney wont see it that way.