You Got Richer on the Tax Form—and Nowhere Else

You Got Richer on the Tax Form—and Nowhere Else

You Got Richer on the Tax Form—and Nowhere ElseSuppose you buy an asset for $100,000. A year later, it is worth $110,000. On paper, you made $10,000. Your investment rose 10 percent, so it looks like you are 10 percent richer.Now suppose prices throughout the economy also rose 10 percent during that...

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