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Re: Capital gains tax rates benefiting wealthy feed growing gap between rich and poor

By: oldCADuser in FFFT | Recommend this post (0)
Mon, 12 Sep 11 9:05 PM | 39 view(s)
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Msg. 33363 of 65535
(This msg. is a reply to 33359 by ribit)

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Besides my earned pensions, which will be taxes as regular income when I finally retire and start taking them, most of the rest of my assets are in tax-exempt 401k's and IRA's, which again will be taxed as regular income when I start taking payments from them. Only one asset, our home, may someday be impacted by the capital gains tax rate, but then only to the extent that those gains exceed the one-time $500k homeowner's exemption. I would suspect that there are many Americans who fall into this same situation.




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The above is a reply to the following message:
Re: Capital gains tax rates benefiting wealthy feed growing gap between rich and poor
By: ribit
in FFFT
Mon, 12 Sep 11 8:45 PM
Msg. 33359 of 65535

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I have also NEVER claimed a single cent of dividend or capital gain income in my life

...no stocks, no bonds? Who's funding your retirement and how to they invest in?


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