No, you said 10x cost of living would be tax free. That's about $800k. I just don't think that would work
No, you said 10x cost of living would be tax free. That's about $800k. I just don't think that would work
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
Depreciation