Burrow bought a Batmobile

[*Go Cards*]

(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).

True except rich people don't pay as much taxes as one would think and they usually don't "just" draw interest off their money via a savings account. Usually it is invested, the difference between rich and poor is that the rich allow their money to work for them 24 hours a day while the poor work 8-12 hours a day for their money to accumulate.