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Weekly Reminder: The economy is great, inflation is fake and gas is cheap.
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<blockquote data-quote="Up In Smoke" data-source="post: 5830087" data-attributes="member: 79702"><p>I only read the article and don't know any of the details. Sounds to me that this act would take caps off and possibly means test wealthy participants. The wealthy don't have incomes through which they pay income tax, they instead live from capital gains and or borrow from holdings and pay sustainably lower tax rate on those dollars. Realized and unrealized gains will forever be a tax delema.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 5830087, member: 79702"] I only read the article and don't know any of the details. Sounds to me that this act would take caps off and possibly means test wealthy participants. The wealthy don't have incomes through which they pay income tax, they instead live from capital gains and or borrow from holdings and pay sustainably lower tax rate on those dollars. Realized and unrealized gains will forever be a tax delema. [/QUOTE]
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Weekly Reminder: The economy is great, inflation is fake and gas is cheap.
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