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Old 10-10-2007, 11:19 PM   #4
George Foster
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Join Date: Aug 2005
Location: Ky
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Re: Any tax experts? Help on imputed income?

The reason you would not want to take out a large sum at once is because it would bump you up to a higher tax bracket and that portion is taxed at a higher tax rate. I would take out just enough to NOT push me into the next tax bracket.
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