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How to Protect Your Assets From Inflation and taxes?

· 4 months ago · 2 replies · 287

Many people believe that inflation affects cash only. This is not true. Inflation can have a major impact on your assets as well. When the government increases taxes, this may directly or indirectly have an effect on the assets. For example, you may need to pay high property taxes in case if you own a property. So, How to Protect Your Assets From Inflation and taxes?

2 replies

· 4 months ago

At the place where I live the property tax that one pays in relation to the value of property that keeps increasing is insignficant

When it comes to general inflation one can change one's life style and not believe in the cliched statement that says 'Expenditure rises to meet income' It should be expenditure should be controlled to meet inflation

OP · 4 months ago

I have noticed that certain current assets do lose value by the passage of time. For example, a car night lose value due to depreciation. However, in certain cases, the value I certain current assets might increase due to inflation. This is something that happened in my country when the value of cars started to increase.

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