Smitty41inPB Wrote:
Nov 19, 2012 11:31 AM
wise, you commented on my spitball tax policy, I think maybe you missed part of my reasoning. if my wealth goes up I get taxed if it doesn't you don't ex: say I make 1M this year, if I spend 1M my wealth hasn't changed my contribution was providing 1M is demand if for ex: I make 1M and spend 500K then I am taxed on 500K at the rate of 20% for the 100k-1M bracket