A.I.M. Users Bulletin Board

[karw]

Hi Adam,
So I assume you have no tax free retirement accounts?
There are tax free accounts here, where you save and it gets taxed when you take it out at age 65 for example. It seems less flexible to me than paying regular tax. I have some money in a tax free account but also like liquidity of a taxed account.

Remember we are paying the 1.2% each year, not when we sell something. I thought in the US you only pay when you realize a profit.

This tax system is nice for the state, because the state has a guaranteed income, based on the capital of the citizens. The system is nice for the citizens when interest rates are high and not so nice when interest rates are low. Or nice when shares are doing well and not so nice when shares are stagnant.

Every system has it pluses and minuses, so make the best of whatever system umbrella you live under.

Best,K