Detailed text transcripts for TV channel - FOXNEWS - 20110220:22:38:00
And once they pull from it, is it taxed? >> no, it's always exempt from state and city taxes, which is about -- combined, 10%, and, the way the city handles the lump sum retirement fund, they have been collecting for these selected police and fire workers, is that they roll it over into the retirement account so it is exempt from the federal taxes, as well. >> heather: okay. thank you very much, michael goodwin for joining us, thanks. >> my pleasure. >> gregg: breaking news in the world of sports, the winner of the daytona 500, is a rookie. trevor bane, and he's this youngest winner ever -- 20...