No. of Recommendations: 1
So you invest and (hopefully) grow 20% more over 45 or 50 years. Plus there's the time value of money (would you rather pay Uncle Sam today or pay him 45 years from now?).

Paying with inflated dollars later on inflated income or current dollars now on current income, seems to be a wash. So the time value of money doesn't seem to apply. Paying now or later depends upon the rate of payment, pay when the tax rate is lower, now or later.

Jack
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