12-08-2024, 01:10 PM
(12-08-2024, 11:45 AM)TheLeonardLeap Wrote: 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).
off shore bank accounts is what I hear...