Guest guest Posted July 17, 2003 Report Share Posted July 17, 2003 I know Misty this has little if anything to do with the current thread but it is about the elderly and a interesting proposal a friend of mine and I came up with. This is a hypothetical proposal for the time being, as I am curious for feedback from ALL of us who are concerned with our retirement funds we have been generating throughout our working lives up until retirement. I am concerned with the way the loopholes for the rich which benefit them, my proposal is this: Lets say that seven years prior to your retirement you were given that period of time the opportunity to not pay taxes on the gross amount accumulated within a given pay period. At the culmination of a seven year term under these conditions, you were allowed the entire amount plus interest upon retirement. Now to bring this to a closer scale, the range amount would begin at $25, 500 to $60, 000 which generally is the working class average income taxed the highest and receiving the least. Now this would be an opportunity for tax-payers to not be required to rely on the government or other subsidiary offers for buying into a company's shares and receiving some sort of compensation. May I have some feedback after giving this issue serious consideration. Our future is now ! RLS/5-6-18-3 4peacealways, Ms. Ricki thanks for allowing me to post this here...... The New Search - Faster. Easier. Bingo. Quote Link to comment Share on other sites More sharing options...
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