4 ms·
It would be a deferred taxation but over 13-years instead of 1-year for the same amount of money earned, if and only if you haven't spent it all.
by shyn3 14y ago
It would be a deferred taxation but over 13-years instead of 1-year for the same amount of money earned, if and only if you haven't spent it all.
- sjtgraham 14y agoOne would still pay tax on any physical asset acquired with the money. The wealth tax is essentially a perpetual tax on possessions.
- shyn3 14y agoYes, sorry. I should have added if you blew it on booze and women. If you purchased anything of value you get screwed over by paying a higher tax rate.