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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: Skywatcher who wrote (143779)10/28/2008 4:48:12 PM
From: TimF  Read Replies (1) | Respond to of 173976
 
A lot of people have taxable accounts. You don't have to be rich to have one.

Also a lot of capital is in those taxable accounts for individuals (rich or not) and trading firms (and also to firms that aren't primarily trading firms but have a lot of cash built up and make investments with it, like Intel).

And even the retirement funds get effected by taxation, the tax is only differed not eliminated.


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