3 ms·
> A plot of land might have taxes of $1,000/yr. It looks like TIPs give a fixed real rate of 1.3%. So, $77k in TIPS will balance out your taxes. This math is w
by ac29 3y ago
> A plot of land might have taxes of $1,000/yr. It looks like TIPs give a fixed real rate of 1.3%. So, $77k in TIPS will balance out your taxes.
This math is wrong because you have to pay tax on the income from TIPS (unless you are low income enough that you net tax rate is 0%).
The real problem with that idea is that one's living expenses are almost certainly going to be more than $1000/year, even if you are able to grow enough calories and generate enough watts to be self sufficient.
In order to live off interest alone, you'd probably need $1M in assets or more. At that point, you could just live off the principle.