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I can top that. Back in the 60's or early
70's in the U.K., the highest marginal rate of tax on unearned income over a
certain level was either 92.5% or 97.5%, I forget which.
Andrew
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Ira Tunik
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx"
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, May 16, 2002 12:34
AM
Subject: Re: [RT] taxes off topic but
interesting.
I remember when options income was classified as unearned
income and subject toa max tax of 75%. Now that is a
hit.
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