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/biz/ - Business & Finance


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File: 1.61 MB, 2048x2480, __sansei_muramasa_soukou_akki_muramasa_drawn_by_namaniku_atk__9eb4f837d8e270bba8f1cb53b66415b7.jpg [View same] [iqdb] [saucenao] [google]
14593939 No.14593939 [Reply] [Original]

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.

>> No.14593977

>>14593939
hell yeah

>> No.14594019

chainlink will never
and i repeat
EVER
be $1000
not in 2020
not in 2021
not even 2030

>> No.14594027

>>14593939
I only have 1800 but still 1.5 Million is life changing money.

>> No.14594030

>>14594019
N-no

>> No.14594164
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14594164

>>14594027
>still 1.5 Million is life changing money.
maybe if you're a stinky poor 1800 linky fag. otherwise that's just peanuts

>> No.14594215
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14594215

>>14594164
Well, In a CD that's a 35K salary. Not enough for supercars and mansions obviously, But you escape the wagie cycle something that most people won't do. That's the most important part of it all.

>> No.14594216

I have only a 9K stack. I plan on taking out only what I need to live a basic min wage life at $100 and waiting for 1K, this should be feasible, no? I don't even plan on selling at $1k, I just want to live without needing to wagecuck

Please tell me this will actually happen. Even though I know, I still don't believe this could actually happen to me, it seems too good to be true

>> No.14594252
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14594252

>>14594216
You have 9k and you're doubting if you can escape the wagie cycle lmao. People with 1K will be escaping the wagie cycle if they are smart and know how to invest.

>> No.14594300

>>14594252
I'm saying it feels so surreal, I was a poorfag without even $200 to my name a year ago. I've lived most of my life poor but it's taught me how to live a decent life on almost nothing. My hobbies are fufilling and require almost no money, I can comfortably live on $20K/y etc etc.

It just doesn't feel real, feels like I've wandered off into some alternate reality where I made good decisions and stuck with something.

>> No.14594353

>>14593939

You are a spineless little worm.

You know full damn well this board is full of low iq, gullible, degenerate outcasts........ they're already miserable..... and here you are writing up feel good delusions for them.

>absolutely deluded

>> No.14594381

>>14594353
Point out one flaw in my math then.

>> No.14594388

>>14594300
Let me explain to you
You will have around 7.3 mil after capital gains tax, As long as you don't spend like a nigger, Buy a house under 300K and limit yourself to 5000 a month in spending you will not even go below 3 million before spending all of that. Literally 5K a month for 60 years is 3.6 MIL, And you probably won't even spend that much a month. I guess I'm a little desentized to money as I'm pretty investment savvy, I can see how to turn 250k into a mil.

>> No.14594402

>>14594388
Spending 5k a month would be less than the interest he earns, so he would be saving money and adding to hit 7.3 million fortune if he only spends 5k a month.

>> No.14594427

>>14594388
Meant to say if you limit yourself to 5000 a month you will not go below 3 million before you die.

>> No.14594442

>>14593939
I'll believe it when I see it.
In the meantime. I'll buy
18 a week

>> No.14594443
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14594443

>>14593939

B U M P

>> No.14594444

>>14594381

The math is the least of it.

Your attitude and assumptions is why you'll be forever poor....

You're off in fairy land , like most of these losers here.

No ,chainlink will not reach 1000.

Idiot.

>> No.14594468
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14594468

>>14594444

Those were suppose to be my fucking QUADS you absolute leddit soi niggerlover

>> No.14594479
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14594479

>>14594402
Damn, Then he's extra set. Someone with around 1-2k stack will live good and stress free, I just won't be able to buy supercars like mclarens or own a mansion. I'm fine with it though, Being un employed and finanically sound makes you better than 80% of the people in america.

>> No.14594498

>>14593939
Delusional Discord shills. Buy PNK and stake until EOY.

>> No.14594506

>>14594388
Good suggestion anon, despite being a poorfag I'm not terrible with my money though. I focus primarily on self improvement and I plan on using limited amounts of my wealth to start up businesses and use about 1 mil of it to re-invest in various areas. I also plan on investing into a business my father wants to start and run that is a pretty solid plan and something he has decades of knowledge in but not the funds to do it.

The vast majority of my money I plan on putting towards secured things that I haven't researched well enough suggested by anons here like CDs, bonds, ETFs, etc. I have 0 interest in buying lambos, hookers, or drugs. I will buy a mildly nice car though, driving a piece of shit right now but it's my piece of shit and it hasn't broken down in 2 years

>> No.14594541

>>14594444
So there's no flaw in the math you just assume link will never hit 1k. Well, we'll see who is right. I'm sitting on a 5100k stack.

>> No.14594550

so much delusion

>> No.14594581

>>14594506
That's a good head on your shoulders, Nothing wrong with buying expensive things. Even if you never put it into a CD you would still have enough money to last you your whole life. I have 246K in the bank(Partly because my dad told me about BTC in 2015 and I bought a couple for $200 a piece), 21yo and I still drive a honda accord 2011. When you get the money and make a budget. CD's are good though because you gain interest and your money is never spent.

>> No.14594597

>>14594468

Quads for the legitimacy of my post......unfortunately.

Please take a shower, you stink.

>> No.14594630

>>14594597
cope

>> No.14594651

>>14594597

>actual unapologetic leddittor
>>>/trash/

>> No.14594685

>>14594550
This

>> No.14595130
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14595130

>>14594597
we'll see who is right anon

>> No.14595603
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14595603

bump for my linkers

>> No.14595748
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14595748

>>14593939
>>14595130
>>14595603
Filthy knife-ears are NOT allowed in the ethnostate! They a disgusting and unnatural, there is nothing sexy at all about their perfectly proportioned bodies or flawless skin, and don't even get me started on the repulsive sounds they make when you gently blow on their ears!
It is strictly VERBOTEN

>> No.14595791
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14595791

>>14595748
You can just be honest and say you wanted me to post more elves, it's fine. I appreciate the bump. I want my link brothers to know they made it at 5k and to stop being insecure about their stacks.

>> No.14595808

>>14594215
based and pragmaticpilled

>> No.14595867

>>14595791
NEIN NEIN NEIN
ITS SO STOMACH-CHURNING
If I was ever so cursed to be saddled with one of these creatures, even as a skilled yet tender bed-slave who wants nothing more than for me to reciprocate it's love for me, I would pay someone to take it off my hands post haste with a stack of LINK to seal the deal!