top | item 34656014

(no title)

manimino | 3 years ago

Sounds right. Around 2.2 million, your money starts to generate more income than your labor can, unless you have an exceptionally high paying job.

discuss

order

dane-pgp|3 years ago

So maybe people with a net worth above 2.2 million should be paying a wealth tax instead of an income tax.

bawolff|3 years ago

Well they do have to pay taxes on dividends and capital gains, so its not like its totally tax free.

mancerayder|3 years ago

Even if they're 70 after working a lifetime?

renonce|3 years ago

That's called inflation.