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So if you are A. Making over 250,000 a year B. Not planning on spending additional income yourself, but instead planning to save that money for your children
by mikeryan 16y ago
So if you are
A. Making over 250,000 a year
B. Not planning on spending additional income yourself, but instead planning to save that money for your children when you die.
C. Have opportunities to make (relatively) small incremental chunks of income.
D. Have the ability to sock away money at a 8% compounding rate.
It might not be worth your while to take on additional work. And this is entirely on Obama for letting the tax cuts to the $250K+ income families slip.
- jshen 16y agofor the counter argument, http://news.ycombinator.com/item?id=1777366 http://news.ycombinator.com/item?id=1777366
- loumf 16y agoObama cannot do anything about tax rates -- the 2001 congress passed a temporary tax cut which Bush signed. Whatever you think about the tax-rates going up was decided 10 years ago to dodge CBO projections of cost by Bush and that congress.