On 7/26/11 6:16 PM, Canuck57 wrote:
On 26/07/2011 4:02 PM, X-Man wrote:
On 7/26/11 5:55 PM, Canuck57 wrote:


Take a retired worker, say $5M in the IRA/Cash accounts. 5% interest or
dividends would be a $250K taxable income. At todays rates the same
person pays no taxes because the earned taxable income is under their
basic deductions. Even business are under no pressure to earn as much
with zero rates for money, so 9% earnigns migh be 4% for even less
taxes.

A retired worker with *$5 million* in IRA/Cash Accounts?

What are you smoking?

True conservative workers accumulate cash over a working career. See,
once you are out of debt you can pay yourself to be rich.

But fleabaggers don't know about that, all they want is more debt to
live beyond their means. Too busy paying other people money for their
debts.


"Workers" aren't likely to accumulate $5 million in IRA/Cash Accounts.

I doubt you hve $500 in an IRA/Cash Account.

I have a small pile of cash sitting in a money market account. I'll bet
there is more in there than you've ever seen.