Colum

Because taxes have a direct impact on the returns of an investment and influence asset allocation, my opinion is that taxes are extremely important.

lcw77

the problem with taxes is that this is a global exam.
I realize that there aren't that many possible ways to tax, and that there are the "main" ways of taxing, but its ultimately not just not fair to test a ukrainian, for example, on the residual value of a bequest.

i think ukraine was a flat tax regime, one of only two

Iginla2011

I think this was posted by bpdulog in one of the threads. Helps in memorizing:

Tax formula

The denominator is the same on all of them, [1+re(1-tie)]^n(1-Te)

I use the second formula with [1+rg(1-tig)]^n(1-Tg) as my base. This assumes the donee pays the tax.

For a tax free gift, remove (1-Tg).

Donor pays tax, add +Tg*Te after (1-Tg). So it should be (1-Tg+Tg*Te).

Charitable gift adds (1+rg)^n+Toi in front. So it should look like (1+rg)^n+Toi[1+rg(1-Tig)]^n(1-Tg)]