To: commish
Do you have anything in savings? If so, don’t forget to deduct 9% from that.
18 posted on
10/18/2011 8:00:23 AM PDT by
Beagle8U
(Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
To: Beagle8U
I don’t understand what you mean when you say don’t forget to deduct 9% from current savings?
38 posted on
10/18/2011 8:30:49 AM PDT by
New Jersey Realist
(America: home of the free because of the brave)
To: Beagle8U
Do you have anything in savings? If so, don’t forget to deduct 9% from that Why? Savings and investment are not taxed. They are taxed at the point of income, which he already accounted for and when they are spent, at which time they are not savings.
125 posted on
10/18/2011 1:26:05 PM PDT by
CMAC51
To: Beagle8U; commish; SunkenCiv
The people hurt by this plan are not the poor. People hurt are the people who no longer work and have savings which they spend.
They may make that up in elimination of cap gains and no interest tax, but not in today’s market and interest rates.
138 posted on
10/20/2011 8:21:07 AM PDT by
dervish
(female candidates: the last frontier)
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