But interest on a mortgage is tax deductible.

You're assuming interest only loans.

In Germany, foreign bribery was allowed.

Something, so you want more?

The tax agent allowed the deduction.

An income tax is levied on any income that exceeds deductions.

Zero and the deductible Superhigh, right? No.

It doesn't matter what it is.

Investments are supposed to make money.

And we're a non profit foundation, you can give us the property and take a hell of a tax deduction.

So, taxes, this is property tax.

If you net out all of his little financial engineering, he had to pay 3,000 more in interest, if you net out his profit he made on his little cash bets, his side bets.

They make you pay more in withholding just to help their cash flow out.

Donations to philanthropic programs are tax exempt.

This is, if I didn't have this great tax shelter with this house.

Subtract from memory

And then of course at a party, when I start to explain this, it's like, ah ha.

This amount includes tax.

If you have a 10 year loan, you'd put 10 here.

And the net income is 357,000.

When legislators and others think about economic development, what they first of all think about are business tax incentives, property tax abatements, job creation tax credits, you know, there are a million of these programs all over the place.

It's a tax writeoff, I needed that.

Because tax exemption is usually seen as the social component of the tax system.

Here in Los Angeles, in the Bay Area in San Francisco, it became tax deductible in the United States.

How many years of protection do I need?

You have a personal tax exemption of 500,000 yen.

But it's the case in many parts of the U.S. So actually to some degree, this, the dollar value, the property tax is driven by this home value assumption up here.

He is immune from taxes.

Assuming we had a basic income of 1000 1000 Euros.

And it actually should be an after tax return on that cash.

Rich people tend to have more possibilities of hiding parts of their income or avoiding taxes in various ways.

A special tax is imposed on very high incomes.

Now, cigarettes out the factory gate are very cheap.

So the actual effect ends up being 2,100.

A man of wealth has to pay a lot of income tax.

He was rather careless to say the least.

Why don't we lower both lines?

Once you subtract that out, then you actually have your pre tax income, and if we assume that we have to pay taxes, this is how much we pay in taxes, and this is actually the net income that goes to the owners of the company.

The amount of money the government earns in taxes determines the amount of money it can spend on welfare.

And there will also be a progression on the other side of the coin.

How much is it including insurance and tax?

I refuse to go along with that and as long as I am president I never will.

Expenditures that are exactly twice the amount of the basic income will be the zero point for tax payments.

For ever 3000 Euros spent, 500 Euros will be taxed.

There are a number of ways in which a basic income can be misused by setting it too low