What Taxes Do To The Same Dollar

An original illustration created by Devery “Rusty” Cagle, first use April, 2025. It applies tax rates of 20%, 23.8%, 37%, and 50% to the gain from each of thirty doublings, showing that a 23.8% rate reduces the final outcome by 97.8% and that the gap between a 20% and a 50% rate is a 237× difference in outcome. Mathematical illustration only; for educational purposes; not tax, legal, or investment advice; no promise of future returns. To use or reference this framework contact rcagle@caglefamily.com for permission to reproduce it..