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In reply to the discussion: This [View all]

Delmette2.0

(4,451 posts)
44. I inherited a small IRA account from a relative.
Mon Sep 15, 2025, 10:38 AM
Sep 15

I was told that if and when I cash out on the original amount I will have to pay taxes on it. Since it was not taxed when the funds went from his paycheck to the IRA account he didn't pay taxes. The agent said someone has to pay taxes on it.

My takeaway is that the little folks once again pay taxes but the wealthy don't.

Recommendations

1 members have recommended this reply (displayed in chronological order):

This [View all] dcmfox Sep 14 OP
Expand SCOTUS to thirteen justices. yellow dahlia Sep 14 #1
That's a GREAT idea! calimary Sep 14 #3
Each district is overseen by a Justice. yellow dahlia Sep 14 #5
Makes perfect sense (at least to me). calimary Sep 14 #6
And it doesn't take a constitutional amendment questionseverything Sep 15 #30
In other words, Trump could do this while he still has a Repug Senate, ... JustABozoOnThisBus Sep 15 #52
Have we tried turning it off and then turning it back on again? twodogsbarking Sep 14 #2
Trump's working real hard at turning it off.... Sogo Sep 14 #7
Have you tried forcing an unexpected reboot? progressoid Sep 14 #20
Thanks. twodogsbarking Sep 15 #40
Damn! Dark n Stormy Knight Sep 15 #48
Great DU name. I couldn't think of one and both dogs started barking. So there. twodogsbarking Sep 15 #49
Mine's the first line of a book I loved Dark n Stormy Knight Sep 15 #50
restore all cuts that the rs have made in the last 30 years . AllaN01Bear Sep 14 #4
Everything listed LilElf70 Sep 14 #8
Generally, I am for all of this; however, some just are not feasible. Capt. America Sep 14 #9
You can have different salaries. I'm pretty sure that would incentivize live love laugh Sep 14 #10
The states to make the Congressional maps soldierant Sep 14 #14
The old paradigm is dead -- we can do whatever we set out to do Ponietz Sep 14 #19
And we can do it just using Executive Orders, right? llmart Sep 15 #39
Unrealized gains Wiz Imp Sep 14 #21
I inherited a small IRA account from a relative. Delmette2.0 Sep 15 #44
IRA withdrawals are taxed as ordinary income. lastlib Sep 15 #53
Ban anyone who commits a crime against the united states from holding office. Reform the pardon process. chowder66 Sep 14 #11
Remove any justice or cabinet member... returnee Sep 15 #32
How about just using the mechanisms that are in place to remove someone! chowder66 Sep 15 #45
Bravissimo !!!! You know what makes this uniusual? Bluetus Sep 14 #12
Actually, many Democrats have explicitly run on many of these issues Wiz Imp Sep 14 #23
Have they? I mean actually RUN on this. Bluetus Sep 14 #25
Then you haven't been paying attention. Joe Biden ran on some version of most of these policies in 2020 Wiz Imp Sep 14 #26
Thank you. Democrats know this. betsuni Sep 14 #27
No he didn't. he TALKED about some of those things from time to time. Bluetus Sep 15 #36
LEt me translate your post Wiz Imp Sep 15 #41
No, that's not the message Bluetus Sep 15 #46
That's a lot of assertions. Torchlight Sep 15 #51
K&R ReRe Sep 14 #13
Add one: lastlib Sep 14 #15
Absolutely. But when people say things like that, Dems instinctively shit on it Bluetus Sep 15 #37
Remove new hires and appointees since Jan. 20, 2025 Buddyzbuddy Sep 14 #16
I would add a few more where minorities and women are concerned. slightlv Sep 14 #18
I like the way you think. DiverDave Sep 14 #22
Thank you Buddyzbuddy Sep 15 #31
Project 2028! markie Sep 14 #17
Reinstate USAID Wiz Imp Sep 14 #24
Couple things. moondust Sep 15 #28
What we can and can't do Bluetus Sep 15 #38
The abolishment of the Fairness Doctrine may well have been the single most consequential political act of the last Wiz Imp Sep 15 #42
The billionaires, MAGA, our enemies have taken total control of our country. Irish_Dem Sep 15 #29
Then, they will leave us with the ruins. OldBaldy1701E Sep 15 #33
Yes. We pay them to destroy our country, then we will have to pay for the rebuild. Irish_Dem Sep 15 #34
Great list! One more thing...., Escape Sep 15 #35
Should have been Project 1928, but whatever........ joanbarnes Sep 15 #43
"Fairness Doctrine" is the least of it; snot Sep 15 #47
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