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From: ron@brl-tgr.ARPA (Ron Natalie <ron>)
Newsgroups: net.taxes
Subject: Re: Abuse of social contracts. (tax system)
Message-ID: <8467@brl-tgr.ARPA>
Date: Fri, 22-Feb-85 11:19:52 EST
Article-I.D.: brl-tgr.8467
Posted: Fri Feb 22 11:19:52 1985
Date-Received: Tue, 26-Feb-85 20:45:21 EST
References: <2748@dartvax.UUCP> <445@ahuta.UUCP> <399@lsuc.UUCP> <287@petrus.UUCP> <417@lsuc.UUCP> <441@spp2.UUCP>
Organization: Ballistic Research Lab
Lines: 7

Just be glad this isn't Italy.  They just came up with a real great
tax strategy.  Due to inflation, they've found that owning a sailboat
classes to being an annual income of $12,000 dollars a year and tax
you on it annually.  At least in the US you only get hit up on the
appreciation when you sell something.

-Ron