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To: muawiyah
Technically speaking, within the current tax year Pelosi is correct

Only if you're willing to change the definition of words.

Besides, her lie is more sinister than that. The implication is that making dividends tax-free won't have any impact on people with those retirement accounts.

It sure the heck will. There are taxable and non-taxable withdrawals from those accounts, and this would shift dividend payments into the non-taxable category. The impact of that for many retirees will be huge.

115 posted on 01/07/2003 12:14:02 PM PST by Dog Gone
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To: Dog Gone
But how do you get your money OUT of a 401(k)? That's the issue. Do you withdraw it as income, or is somebody handing you actual stock certificates (when the time comes that you are eligibile.)

My 401(k) offers a number of options - stock, T-bills, bonds. The plan, however, only pays out in CASH!

The White House and their posted plan do not tell us about 401(k) plans. I suspect their intention is to not adjust 401(k) "at this time" (if ever!)

127 posted on 01/07/2003 12:23:27 PM PST by muawiyah
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