[rollei_list] Re: OT Estate Tex (was Re: Copyright Law)
- From: "Austin Franklin" <austin.franklin@xxxxxxxxxxx>
- To: <rollei_list@xxxxxxxxxxxxx>
- Date: Thu, 3 Dec 2009 14:12:53 -0500
Hi Mark,
> But saving is something which I got the impression had gone out
> long ago as
> you'd be paying taxes on your money every year.
Not sure why you have that impression. It's a strange impression to have I
think. What ever money you save is not taxed (while it's being saved that
is, until you die). IF your money collects interest, say it's in a savings
account, the interest is taxed. But, not the principal (original money in
the account).
There is no tax on money in your mattress, and it also collects no
interest...just dust mites and bed bugs.
Regards,
Austin
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