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View Diary: Open thread for night owls: Robin Hood levy beats other tax options for enhancing federal revenue (91 comments)

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  •  A 1% transfer tax would be ruinious. (0+ / 0-)

    Full disclosure, it would destory me personally but forget that.

    It would mean that (for the sake of easy math) a retiree with $100,000 in principal earning 6% interest a year over 30 years would end up with $140,000 less then if the tax had not existed.  The difference between 570 and 450.

    That is a massive loss to a retirement account.

    Hillary Clinton's Liberal Ranking http://www.dailykos.com/story/2007/8/10/122232/619

    by tigercourse on Fri Jul 06, 2012 at 06:49:00 AM PDT

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