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Re: GreekFJer post# 34561

Wednesday, 12/19/2007 1:04:21 PM

Wednesday, December 19, 2007 1:04:21 PM

Post# of 76394
OT Taxes in (SEP,IRA,401K) are not paid until you withdraw..Selling RGNO inside of my qualified money does not create a taxable event....Story of the seed and the crop....Uncle Sam does not tax on how much I put into (sep)plan seed...HE taxes me on crop or how much it grows too when I eventually sell and take it out. So if I have 500,000 shares worth 4000 dollars and I sell it next week at.02 or 8000 dollars I PAY NO TAXES....If I hold until it hits .10 and sell it will be worth 50,000 dollars still no taxes until I withdraw....Paying taxes can be a good problem to worry about.