So your income is taxed when earned. If you invest it and have gains, the Federal Government gets 35% of the net sales before you are paid, and then 15% of your share. If you happen to save up enough at death to leave your family the Federal Government get 50% of that.
Only Fareed and his Socialist friends would view death as a taxable event.
13 posted on 10/23/2011 9:07:43 AM PDT by Mikey_1962
(Obama: The Affirmative Action President.)