Comment Re:IRS - Taxes (Score 1) 109
To clarify (in the US): you don't pay sales tax on a home purchase, capital gains are taxed at a different rate than income, for investments, you only pay capital gains on the income, not the principal, and retirement income is taxed differently depending on the type of investment (Roth vs. 401k, e.g..).
I'm not saying tax system is fair, but there is much more to using the system wisely than your post would indicate.
I'm not saying tax system is fair, but there is much more to using the system wisely than your post would indicate.