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      11-15-2012, 04:46 PM   #24
kmarei
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Quote:
Originally Posted by mspeasl View Post
Then you are saying "all income" of any kind, correct??????
excluding inhertance yes
any money that you generate
so if you have a million in the bank, with no interest, then you pay 0
but if you invest that million and you generate say 100,000 on it
you would pay tax on the 100,000 you made
and you would be taxed at the same rate as anyone else who makes 100,000
whether they make it from stocks, or a salary, or any other legal means
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