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"What has been your worst blogging experience? Donald Luskin." -- Brad DeLong"That's a guy who actually stalks me on the Web and once stalked me personally." -- Paul Krugman "I'm saying this...guy's a jerk." -- Charlie Gasparino
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A Bound Man Shelby Steele
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Langley Schools Music Project
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There Will Be Blood
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Speed Racer
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Copyright 2002 thru 2008 Donald L. Luskin All rights reserved. "The Conspiracy to Keep You Poor and Stupid" and "Krugman Truth Squad" are trademarks of Donald L. Luskin www.poorandstupid.com

"The road is cleared," said Galt. "We are going back to the world." He raised his hand and over the desolate earth he traced in space the sign of the dollar.
From Atlas Shrugged by Ayn Rand
From each as they choose, to each as they are chosen.
From Anarchy, State and Utopia by Robert Nozick
"there is some shit I will not eat"
From i sing of olaf glad and big by e. e. cummings
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The Conspiracy Letters
Join the fray! Email us at letters@poorandstupid.com. We reserve the right to publish all letters with authors' names, unless specified as not for publication or for publication anonymously. Letters may be edited for clarity and brevity.
GOOD QUESTION
Has anyone done any work on the Treasary Reciept on Roth Rollover taxes from 1998-2001? My better half and I left a company in 1998 after working for that company for 13 years. I Rollover her and my 401k, into an IRA account and then rollover half of that amount into an Roth account. Since the accounts were new that year, the tax event was spread over the next 4 years. This added $12,500 to my A.G.I. and $10,000 to her A.G.I for the next 4 years. The marginal tax rate was about 25%. Our household taxes were around $35,000 in 2000, and are now down to around $23,000. How much and how many people paid additional taxes to help balance to decifit. I have not heard anyone make this point with Robert Reich on Kudlow & Co. Without this additional tax revenue, would the budget have been balance? Are we talking 1% or 10% of additional income? Y2K was a gift to Clinton. Even Jimmy Carter couldn't have screw up Y2K!!!
Tom Pearson
Posted by Donald L. Luskin at 4:15 PM |
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