12-08-2024, 11:45 AM
(12-08-2024, 09:51 AM)Go Cards Wrote: Joe's net worth already exceeds the $40 million suggested so he can still do that but it seems a strange comparison, $1.5 - $2.0 million a year compared to the million a week being made that was referenced. Just don't get comparing a possible made $2 million a year to a guaranteed $52 million a year.
Need a real good tax guy then to find you some good loopholes and tax credits. Just looked up the taxes on $2m of income (savings account interest is considered income) and between federal, FICA, state, and local, you're talking $867.4k. I mean, you're not going to be struggling on $1.132m/yr, but that'd be brutal to see 43.37% of your money just fly away (plus an eventual sales tax on when you spend your remaining income).
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