Re: those who own a tremendous amount of EDIG shares will be the
in response to
by
posted on
Nov 07, 2008 09:31AM
FWIW
All distributions from your IRA is taxed as ordinary income based on your tax bracket.
All the capital gains in your Ira Long or Short does not mean anything I mean no immediate tax implication.
based on your scenario if he takes $250k or $10 Mill he will pay the tax as if every dollar is ordinary income .
max. tax rate 35% federal and 9.3% Ca .
JMHo