Tuesday, October 14, 2008

I would take mine out

So McCain would let me take up to 50K per year out of my IRA and have it taxed at only 10%. Then he says we don't want money to leave the market. Who is he kidding? If this rule were in effect, I would take my money out, so I would pay less taxes on it. You have to pay the taxes sometime and better to pay less now than more later. He has totally the wrong idea, if he wants people to leave their money alone. But he always said economics was not his strength.
I think that they do not understand that there are a whole bunch of people who are old enough to take all of their money out of their IRA's, if they wanted, but don't because of the taxes they would pay all at once.

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