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I don't follow your logic. Compound interest grows capital exponentially, while taxation is linear. So, while tax avoidance helps, it's not necessary.
by zeroxfe 7y ago
I don't follow your logic. Compound interest grows capital exponentially, while taxation is linear. So, while tax avoidance helps, it's not necessary.
- jgalt212 7y ago1.10^50 is 10X 1.05^50 taxes do a lot to flatten the distribution.