Free Republic
Browse · Search
Smoky Backroom
Topics · Post Article

To: Principled

Your calculator says nothing about current assets.


302 posted on 10/21/2006 9:32:19 AM PDT by GregoryFul (There's no truth in the New York Times)
[ Post Reply | Private Reply | To 301 | View Replies ]


To: GregoryFul
It isn't my calculator. I know it doesn't say anything about current assets.

If you have any pretax earnings, they will experience a big gain because no income tax will be due. If you sell any capital assets, you will pay no cap gains tax (stocks, homes, etc). You can also pass on your savings free of any gift tax.

There are mitigating factors, obviously, that do not appear on the calculator page. If it really is only your net position that you're interested in, these things would have to come into the analysis. If you don't include these factors, your analysis would be incomplete.

My decision is based on more than just my net position, so I don't share the view that an increase or decrease in purchasing power is a deciding factor.

305 posted on 10/21/2006 9:41:01 AM PDT by Principled
[ Post Reply | Private Reply | To 302 | View Replies ]

To: GregoryFul

We've been calling it the "billcrapulator" for a while now. Works great for those with a room temperature IQ.


308 posted on 10/21/2006 9:47:44 AM PDT by xcamel (Press to Test, Release to Detonate)
[ Post Reply | Private Reply | To 302 | View Replies ]

Free Republic
Browse · Search
Smoky Backroom
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson