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Politics : THE WHITE HOUSE -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (19625)	4/21/2008 4:42:15 PM
From: pompsander	Read Replies (1) \| Respond to of 25737

"Thank you... and when they sell, they would certainly be subject to obama's new "tax on the rich," so where are you going with the obvious? -g-" ____________ My point is that qualified plan distributions are not subject to capital gains tax rates. In almost all cases the distributions are ordinary income regardless of the buying, selling and trading that took place within the accounts. A change in the capital gains tax would have no effect on these accounts... An argument has been made the other way...that a reduction in base tax rates for people under $50,000 in income would allow them to take their Plan distributions and pay LESS tax, not more, than they do now....(say, the rate was dropped from 28% to 24% or so)...Again, Capital Gains tax changes do now affect such people.