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johnsyn

04/09/13 2:58 PM

#16663 RE: 2020 hindsight #16660

not quite why that is in his "budget". It's so anything beyond $3M then goes in a higher tax account. Thing is, a kid out of college will work for at least 40 years, in even decent pay job, if max saved and stuffed into those accounts, that $3M is achievable by middle class. He already dips into your IRAs this past year if a combined MLP or like trusts payouts between 401Ks and IRAs exceeds $1000. http://www.dividend.com/dividend-education/everything-dividend-investors-need-to-know-about-mlps/?utm_source=Dividend.com+-+Free&utm_campaign=8b232b0694-Dispatch_free4_3_2013&utm_ explain how that is punishing the rich???
Ooops, mean fair share.
Anyway, if some rumors are true, our 70 year old+ Dr Hayward is looking to retire and looking for buyer. It would not behoove him to sell loads of APDN in one year. Anything over $350,000 income, no matter what the source, is already 2012 tax rate of 35%. His 401K is one thing, but he can only transfer in $6K into his IRA. Now that the IRS is checking people's Facebook account without warrants to see if someone boasting about their new yacht with declared income just above poverty level.....