MrRodgers -> RE: Do you like tomatoes, strawberries, peaces...peppers ? (3/1/2017 9:33:15 AM)
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quote:
ORIGINAL: Musicmystery quote:
ORIGINAL: Edwird Let's think about this. If one has ten million in investible assets (i.e., the expensive house house is paid for, or otherwise out of consideration above the ten million), 5% return on investment would gain you $500,000 a year, before taxes, hard to imagine less than $400,000 after taxes if having any accountant worth his salt. That from a fairly conservative investment portfolio. Take it further, and it's 3% to get $300,000 a year, before taxes, at worst, 200,000 after taxes. Tell me again why people too are too too stupid to figure out how to live off of $200k/yr. after tax deserve our sympathy? The biggest whiners make 10 or 20 times that after tax, to put the final point to it. There is only so much stupidity and only so much whining any nation's tax/revenue system, or any society at all, while we're at it, can support. Because these people have undue influence in politics. But even then, he refers to as I understand the post, 1040 income tax, not corporate, carried interest or capital gains tax. So again...not on point at all.
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