RETURN does NOT matter

来源: 于 2015-05-29 09:32:11 [博客] [旧帖] [给我悄悄话] 本文已被阅读：次

which one is bigger below?

1. Asset * (1+return) ^ T * (1-tax rate)

or

2. Asset * (1-tax rate) * (1+retunr) ^ T

The key is tax rate at contribution vs. distribution.

just my 2c