I pay well over 50% tax.
The math on taxing wealth:
Take $100, suppose it doubles each year for ten years.
You end up with ~$100,000
Now suppose if at the end of every year you tax it by 25%
After ten years you have $26,000
A 25% tax has taken 75% of the value.
Accountability meaning:
Accountability means being responsible for your actions, decisions, and results — and being willing to explain them and accept the consequences (good or bad).
Wynn
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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