Please pay the tax.

And of course the difference is the money that he had to spend on tax.

You're left with 500,000 of pre tax income.

We paid customs on jewels.

And I normally have to pay 30 .

Well I'll save 30 of this.

Whoever spends 3000 Euros will be taxed for 17 of the total amount.

One of the places we put in a big oil project in Chad, with Exxon.

Please pay the tax on the items over there.

The taxes names have my uncles in seizure... the castle had be sold.

Because the money he spends is the money that pays everything else.

That's a lot.

In general, there are three types of taxes value added tax (VAT)

From this point onwards there will be a progression.

So I'm not getting interest there.

And you could guess what the next line is going to be, given that this says pre tax.

The total amount including tax is 1500 per person... ...estimate included.

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 IRS might consider that to be income

And then we're going to set p is equal to your monthly payment, your monthly mortgage payment.

Whoever pays 2000 Euros will have contributed 1000 Euros in taxes.

Some of which is interest, some of which is principle, but it's the same amount you're going to pay every month to pay down that loan plus interest.

Did you pay the taxes?

And so his pre tax income is now 30 plus 2 minus 5 is 27,000.

A 10 tax will be withheld from the payment to you.

And then, let's just say they're in the Caribbean and they don't have to pay taxes.

A basic income points in the same direction.

And then year 10, I pay the 100,000 plus I pay back the 1 million.

And the payments?

That will now compound over the next month.

What's this, dear?

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

That was the beginning of an escalating U.S. involvement there that we do not pay for at the pump.

The only tax that cannot run away is VAT.

But when you talk about return, what you get off the asset, you still are going to pay taxes on them.

Americans pay both federal taxes and state taxes.

You're going to pay it over 30 years, or you could say that's 360 months.

I've got to pay taxes now?

And you say, this group of the CDOs, they'll get the first payments. or if any payments that go, immediately go to this very senior tranche, right?

I want to reform the tax codes so that it's simple, fair, and asks the wealthiest households to pay higher taxes on incomes over 250,000 dollars.

Because some of them have paid, and some of them are still paying.

but let's, just for simplicity, assume my tax rate is still 30,000.

Payment

Pay up

And the reason they didn't grow by that amount is because we actually ended up having to pay taxes on some of that.