XPost: alt.home.repair, uk.d-i-y, alt.sci.physics   
   From: CFKinsey@military.org.jp   
      
   On Tue, 11 Jun 2019 18:35:47 +0100, Rod Speed  wrote:   
      
   >   
   >   
   > "devnull"  wrote in message   
   > news:n_PLE.43682$T52.29836@fx35.iad...   
   >> On 6/11/19 9:40 AM, Commander Kinsey wrote:   
   >>>> And if you don't have the money stored in a tax-free IRA, you'll pay   
   >>>> income tax on your losses.   
   >>>   
   >>> Dunno what an IRA is, but all ISAs are tax free AFAIK.   
   >>>   
   >>> Hang on, losses?  Surely you pay income tax on your income, not losses.   
   >>   
   >>   
   >> Yah, it's called "Republican taxpayer privilege".  The bank pays you 2%   
   >> interest but inflation goes up 3%.   
   >>   
   >> Essentially you have less buying power at the end of the year and yet you   
   >> still have to pay taxes on the 2% "gain".   
   >>   
   >> The democrats have lots of slick scams to take money from working   
   >> taxpayers and give it to their lazy welfare constituents.   
   >   
   > And yet only half pay any income tax. Or are you saying that the Dems are so   
   > clever that they have worked out how to make just Repugs pay income tax ?   
      
   Who cares about income tax?  It's one of only 50 taxes.   
      
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