Lady Butterfly @lazysoci.al to Ask@lemm.eeEnglish · 6 days agoWould you rather have 2 million dollars now or 100k a year for the rest of your life? All tax freemessage-squaremessage-square35linkfedilinkarrow-up146arrow-down12
arrow-up144arrow-down1message-squareWould you rather have 2 million dollars now or 100k a year for the rest of your life? All tax freeLady Butterfly @lazysoci.al to Ask@lemm.eeEnglish · 6 days agomessage-square35linkfedilink
minus-squareZarmeck@sh.itjust.workslinkfedilinkEnglisharrow-up21arrow-down1·6 days agoThe average return on investment from stocks for the last 150 years is around 9 to 10% worldwide. That includes a few world wars and pandemics. In the US, Canada and others, only half the money made in that way is taxed. 2 millions would net you 180-200k a year and you’d pay tax as if you made 90-100k.
minus-squareℕ𝕖𝕞𝕠@slrpnk.netlinkfedilinkEnglisharrow-up19·6 days agoAnd that income would continue on to your inheritors, not stop at the end of your life. There’s a clear right answer here.
minus-squareramble81@lemm.eelinkfedilinkEnglisharrow-up7arrow-down2·6 days agoInheritors? Who are they? I’m targeting $0 when I die (or a nice debt that’ll never get repayed)
minus-squareℕ𝕖𝕞𝕠@slrpnk.netlinkfedilinkEnglisharrow-up13·6 days agoThat’s why I didn’t say “children”. Find a worthwhile charity or school and leave them a perpetual endowment.
The average return on investment from stocks for the last 150 years is around 9 to 10% worldwide. That includes a few world wars and pandemics.
In the US, Canada and others, only half the money made in that way is taxed.
2 millions would net you 180-200k a year and you’d pay tax as if you made 90-100k.
And that income would continue on to your inheritors, not stop at the end of your life. There’s a clear right answer here.
Inheritors? Who are they? I’m targeting $0 when I die (or a nice debt that’ll never get repayed)
That’s why I didn’t say “children”. Find a worthwhile charity or school and leave them a perpetual endowment.