Comment

Poll: Majority of Americans Oppose GOP's Windfall for the Rich

202
Gus12/03/2010 12:40:08 pm PST

re: #195 Slumbering Behemoth

I dunno. Aren’t assets taxed?

It depends. If you have cash assets that isn’t taxed. IOW, if you’re sitting on 14 million dollars (cash) in several checking accounts with zero percent interest there should be no taxes applied. Otherwise if the money is “moving” then capital gains and other taxes would apply.