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dkf (1000+ posts) Send PM | Profile | Ignore | Sun Apr-27-08 04:37 PM Original message |
People...your 401k and IRA won't be affected by the Capital Gains tax because those are non taxable |
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mrreowwr_kittty (1000+ posts) Send PM | Profile | Ignore | Sun Apr-27-08 04:39 PM Response to Original message |
1. Thank you! |
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rfranklin (1000+ posts) Send PM | Profile | Ignore | Sun Apr-27-08 04:40 PM Response to Original message |
2. NO, you will pay income tax when you take money out... |
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dkf (1000+ posts) Send PM | Profile | Ignore | Sun Apr-27-08 04:41 PM Response to Reply #2 |
3. Exactly...taxed at income rates, not capital gains tax rates. |
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mrreowwr_kittty (1000+ posts) Send PM | Profile | Ignore | Sun Apr-27-08 04:43 PM Response to Reply #2 |
4. But you're not paying taxes on them while they are in the account. |
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dkf (1000+ posts) Send PM | Profile | Ignore | Sun Apr-27-08 04:49 PM Response to Reply #4 |
5. Yeah, I was getting my hair done the other day and the |
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mrreowwr_kittty (1000+ posts) Send PM | Profile | Ignore | Sun Apr-27-08 04:56 PM Response to Reply #5 |
6. Discussion I had recently with a fellow Dem activist: |
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dkf (1000+ posts) Send PM | Profile | Ignore | Sun Apr-27-08 05:03 PM Response to Reply #6 |
7. I wish most people were well off enough to be justifiably terrified of the Capital Gains tax. |
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mrreowwr_kittty (1000+ posts) Send PM | Profile | Ignore | Sun Apr-27-08 05:04 PM Response to Reply #7 |
8. 86% of capital gains income goes to 5% of Americans. |
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lapfog_1 (1000+ posts) Send PM | Profile | Ignore | Sun Apr-27-08 05:16 PM Response to Reply #7 |
10. You place a bet |
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LiberalFighter (1000+ posts) Send PM | Profile | Ignore | Sun Apr-27-08 05:16 PM Response to Reply #5 |
11. For sure... set the hairdresser straight about the facts. |
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dkf (1000+ posts) Send PM | Profile | Ignore | Sun Apr-27-08 06:01 PM Response to Reply #11 |
12. Problem was she had enough things wrong that I was afraid |
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LiberalFighter (1000+ posts) Send PM | Profile | Ignore | Sun Apr-27-08 05:04 PM Response to Reply #2 |
9. Which was part of the reason for 401k's |
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