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To: groanup
Under NRST you have to make 100,000 to have 100,000 in the bank. You spend it when you want, OR, you save it and never, ever, ever pay any taxes on it.

It doesn't matter if you spend it or leave it in the bank it's still only worth $77,000.

Technically it's not even worth $77,000 when you consider the gross payment tax taxes 30% on any other taxes, fees, excises etc. that might be included in a gross payment.

54 posted on 04/21/2005 4:36:32 PM PDT by lewislynn (My other car is an XC90 T6 AWD....)
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To: lewislynn

See my post #55.


56 posted on 04/21/2005 4:56:12 PM PDT by groanup (http://fairtax.org)
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