The Texas populist take on the tax cut

Max B. Sawicky sawicky at bellatlantic.net
Fri Jan 10 11:57:58 PST 2003


Right.

max

I think I follow what you're saying. But if I do, Molly is only wrong in her details of how 401ks work. She still right on her substantial point that 401k owners -- the vast bulk of the 70% who are counted as holding stock -- get nothing out of this proposal. Because their capital appreciation in 401k's is already untaxed. No?

I think that's all that matters for her argument here.

Michael



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