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To: FreedomCalls
Apparently I am paying less in income taxes than I would under a NST.

Again, it's not an NST, it's an NRST. There's an important difference. Maybe that's why you're confused.

BTW how much income tax, payroll tax, any gift or estate tax do you pay? Add those amounts to te 22% federal tax costs you pay in EVERY purchase - new or used. How much faster would your savings/investments grow if not for income taxes? Would you choose different investments not tax handicapped? or just let your investments grow faster? Would you be able to buy a larger home if interest rates fell to the tax free rate (a decline of say 25%)?

etc....

you're tied to the income tax b/c you don't pay any, huh?

209 posted on 11/03/2004 4:19:46 PM PST by Principled
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To: Principled
you're tied to the income tax b/c you don't pay any, huh?

I told you earlier I pay approx 25% of my total income out in income taxes. Total federal income tax (not including SS payroll taxes or federal excise taxes) divided by annual gross income.

211 posted on 11/03/2004 4:50:44 PM PST by FreedomCalls (It's a joke, people!)
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To: Principled
Would you be able to buy a larger home if interest rates fell to the tax free rate (a decline of say 25%)?

No because I would not be able to afford a house 25% more expensive (actually more because I don't get to deduct mortgage interest under the NRST).

BTW a decline of 25% off of current 6% mortgage rates takes it only to 4.5%. Some ARMs are in the 3% range already.

213 posted on 11/03/2004 4:54:32 PM PST by FreedomCalls (It's a joke, people!)
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