/biz/ - Business & Finance

For my fellow stinky linkies who want to know if they made it, all you need to make it is a 5k stack. Here is the math for you:

>5k stack at 1000$ per link earns you 5 million USD
>Capital gains taxes 20% of that if you held for one year or longer, earning you 4 million USD
>4 million USD is 100,000k a year in interest assuming you get a rate of 2.5% interest, which is common among high yield savings accounts and CDs
Now here is where the fun part starts. You do not pay social security or medicare on interest earnings. That means you don't pay for boomer retirement welfare or boomer healthcare welfare. That means you lower your tax rate by ~7.65%, which means you're going to be paying less taxes than someone making 50,000 a year.
>$14,382.50 plus 24% of the amount over $84,200 is the taxes you will owe
>24% of 15,800 is 3792. 3792 + 14382.50 is 18174.5
>Subtracting that from 100k nets you 81,825.5 USD per year after all taxes, this is your net income
So your net income is:
>Interest is paid monthly, so you will work with a 6818.79 USD budget per month as a complete NEET off a 5k linkie stack.
>your effective tax rate will be 18.174%, which means you pay less tax than people who make half your income.