Oh, you are referring to the current top tax bracket? No, the first $800,000 is taxed at a lower rate right now. The first $20,000-$50,000 depending on deductions is tax free right now. Way too little. It should be around $200,000-$300,000
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No, you said 10x cost of living would be tax free. That's about $800k. I just don't think that would work
sep 2, 2025, 12:52 pm • 0 0 • view
I'm also confused on not being taxed on "non-reinvested income." If I make $100k and buy $100k of bonds, I still have to pay tax on the $100k I made. I'm then taxed on the bond income I make. If it's equipment or whatever for a corp, that is a balance sheet item anf is only reduceable by
sep 2, 2025, 12:55 pm • 0 0 • view
Depreciation
sep 2, 2025, 12:55 pm • 0 0 • view
This should be supplemented with luxury taxes, not general sales taxes.
sep 2, 2025, 12:51 pm • 0 0 • view