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(You're taxed each year on the whole 8% as ordinary income, even though you don't receive any cash flow from the principal adjustment. So TIPS are best held in an IRA or other tax-deferred account).
The principal adjustment that had to be made between the technique of talking pictures and that of the silent screen was in the respective roles of image and word.
One additional bad thing here is the tax treatment of the TIPS principal adjustment.
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