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Old 11-25-2004, 11:16 AM
xxx xxx is offline
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Join Date: Oct 2003
Posts: 29
Default Re: Online Balances-- Asset?

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I don't understand being taxed on assets?????

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In the US, some states (such a Michigan) have a tax on all assets as well as income. Some states (such as New Jersey) have a tax on income. Some states (such as Nevada) don't have a tax.
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