Roth IRA's in Massachusetts

From: SMabel555 <SMabel555@aol.com>
Subject: Roth IRA's in Massachusetts
Date: Mon, 18 May 1998 20:31:04 -0400 (EDT)

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PERSFIN Digest-

A while back, some of you clarified that Massachusetts hasn't come around to
the ways of the Fed Gov't regarding Roth IRAs:   

- -You can't deduct your $2000, 
- -EARNINGS AREN'T TAX-FREE, 
- -and you can't spread gains over 4 years upon conversion in 1998.

That said, what are folks doing in Mass?  I am a Mass resident living out of
state, so don't keep up on all the news.  I've spent 8 years arguing with
people that Mass taxes aren't any worse than most states, but am beginning to
lose that battle.

Also, I have written my state Rep (Charles Murphy) and hope others are doing
the same.   He hasn't written back yet; does anyone know the status of
legislation to bring taxachusetts in line with democratic states?


Sincerely,
Scott Mabel

CF:  Representative Murphy



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