Depending on your investments, the interest and dividends off a few million dollars should be able to sustain someone entirely on its own while still growing in value over time.
You don’t need to be a billionaire for that. It feels like the tax brackets need to go up to 100% after around a million or so in income.
So, slightly above the 1950s marginal tax rate that gave us the society the GOP wants to drag us back into without taxing the rich? That’s a stool with one leg.
Depending on your investments, the interest and dividends off a few million dollars should be able to sustain someone entirely on its own while still growing in value over time.
You don’t need to be a billionaire for that. It feels like the tax brackets need to go up to 100% after around a million or so in income.
So, slightly above the 1950s marginal tax rate that gave us the society the GOP wants to drag us back into without taxing the rich? That’s a stool with one leg.
$2m in a stock that pays a 6% dividend is 120 grand a year. Pretty easy to live comfortably off of that I would imagine.