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Re: Why do you get taxed on savings?
[Re: Remington270]
#2768634
03/22/19 09:00 PM
03/22/19 09:00 PM
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Joined: Aug 2001
Posts: 64,340
Luverne, AL
Skinny
OP
GUVNER
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OP
GUVNER
Joined: Aug 2001
Posts: 64,340
Luverne, AL
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They limit it to $18,500 because they want their tax money. If they didn’t limit it, some folks would put in hundreds of thousands if not millions. They want that cheese now, not in 50 years. Who cares, they paid their tax up front now they are limited to how much they can save. That is really criminal to limit a persons feeling of security.
Never Trust Government
"You can be broke but you cant be poor." Ruthie-May Webster
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