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To: UnRuley1
insurance proceeds are not taxable as they are not income, for now.

Those words, "for now", needed some emphasis.

23 posted on 04/23/2012 5:30:07 PM PDT by Graybeard58 (Romney vs. Obama? One of them has to lose, rejoice in that fact, whichever it is.)
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To: Graybeard58

Laura D’Andrea Tyson is an economic adviser to Obama. She served in the Clinton Administration where she authored an idea to tax Employer Contributions to 401k’s as current income and a retroactive tax of 15% on 401k’s to make up for them not being taxed in the first place. Read “Mrs. Tyson’s Fried Economics” in National Review 1993.

“No Man’s life, liberty, or property is safe while Congress is in session.”....Mark Twain


32 posted on 04/23/2012 5:45:07 PM PDT by TurboZamboni (Looting the future to bribe the present)
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