El Arte de la RelajaZIHón

by Ixtapachris @, Wednesday, August 28, 2024, 09:16 (802 days ago) @ ZihuaRob

In Canada, the US and Mexico, wages have not kept up with inflation over the last several years, so it is not surprising that tourists have less purchasing power. Yes, my 401k and IRA accounts have gone up, but a lot of that is due to the depreciating dollar. When I take money out, I get to pay capital gains tax without any adjustment for inflation. Unless I beat the rate of inflation plus the capital gains tax, my purchasing power goes down, which it has.


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