Quote:
Originally Posted by JSH
However, the biggest impact on your tax rate is not the feds - it is your income in retirement which is related to how much money you have accumulated. The vast majority of people do not have a massive investment portfolio that is earning more investment income in retirement than what they made during their wage earning years. In fact most people make less in retirement than while they are working - and therefore pay less in Federal income taxes.
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I'm probably conflating wealth and earning. Most people make it into the top 80% wealthy bracket, but they don't necessarily make it into the top 80% earning bracket.
I'll have to rethink my strategy.
Quote:
Originally Posted by freebeard
I could bring in another $10K a year before I'd owe taxes, but nobody's picking up what [Intellectual Property] I'm putting down.
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If you offer free money, I'll pick (some of) it up. You and I both know we could make more if we could be bothered to. How much do we care about side money being properly reported?