March 25, 2008
Peter Schiff On “Cashin In”
Rat Says: Hey Wayne? I hated MASH! And as far as the other clown saying CD’s kept up with inflation…. ummm… not if you have to pay income taxes on the interest gains. Basically the IRS is illegally taxing inflation, so even if your interest almost stays on pace with the rate of inflation you will lose your tax rate on the gains to the tune of appx 20% to 30% a yr.
X +(Y x X) = Z , Z - (.30 x [Y x X]) = Joe Q Public is %$^#@!
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