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Success tax

Definition: [crh] A 15% excise tax on "excess" distributions from tax-deferred retirement plaDefinition: ns that was repealed by the Taxpayer Relief Act of 1997. In essence, the tax had penalized "successful" investors who <Definition: A HREF="/?rd=accumulated">accumulated large retirement accounts and took distributions that exceeded an annualDefinition: limit deemed excessive by the tax code.

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