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Author: clyk Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19257  
Subject: Low Savings Rate as a nation Date: 7/4/2001 11:39 AM
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Has David considered the affect of taxes on savings. When 40% of one's income is taken as one form of taxes or another, it is difficult for a younger person with a family to save.
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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 7030 of 19257
Subject: Re: Low Savings Rate as a nation Date: 7/4/2001 12:40 PM
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clyk asks,

Has David considered the affect of taxes on savings. When 40% of one's income is taken as one form of taxes or another, it is difficult for a younger person with a family to save.

Taxes are about the same in Japan, yet young families save at a much higher rate.

intercst

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Author: Pegasus0 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 7036 of 19257
Subject: Re: Low Savings Rate as a nation Date: 7/4/2001 6:57 PM
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It's really about choices - you can have anything that you want - but not everything - bigger house, more expensive car... or maybe more money for a retirement... sooner?

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