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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: JBTFD who wrote (33654)	11/7/2012 10:06:36 PM
From: longnshort	2 Recommendations Respond to of 85487

you think the kennedys made their millions paying 91% in taxes, so if they made 400,000 they only walked away with 38,000 and they became millionaires ? really ? back then you could buy coal and gas LPs that had millions in tax lost carry overs, so you could buy a LP for say 2k and get a tax lost for 100k. I know it because my parents did it and so did the kennedys. no one paid 91% except for people who made money in the first year until the could buy tax lost carry over LPs. read a history book about taxes