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From: thisted@gargoyle.UChicago.UUCP (Ronald Thisted)
Newsgroups: net.invest
Subject: Re: Interesting IRA Idea
Message-ID: <196@gargoyle.UChicago.UUCP>
Date: Fri, 7-Sep-84 16:40:13 EDT
Article-I.D.: gargoyle.196
Posted: Fri Sep  7 16:40:13 1984
Date-Received: Thu, 13-Sep-84 06:16:04 EDT
Organization: U. Chicago - Computer Science
Lines: 8

An important distinction has been overlooked in this discussion: there is a
difference between investments which produce *tax-free* income (municipal
bonds, All-Savers certificates) and those which produce *tax-deferred*
income (IRAs, Keoghs, etc).  Interest and other expenses used to obtain
loans to finance the former cannot be deducted; costs of loans used to
obtain the latter can be.

Ron Thisted  (...!ihnp4!gargoyle!thisted)