And a 10%+ hidden tax due to money supply inflation, property taxes on a property you’re paying interest on a mortgage for, for money that never existed, and capital gains tax on what you’ve managed to invest despite being taxed into oblivion.

If I had learned this stuff from my parents before I got pigeon holed into it, I’d likely be dead or in Guantanamo by now.

Reply to this note

Please Login to reply.

Discussion

You pay capital gain taxes on the appreciation of an asset when the asset is only appreciating when taking inflation into account.