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A million after taxes is worth 20 years at 100k after taxes (50% rate). Investing a million today say in real estate over 20 years will give you money to live
by ipaddr 3y ago
A million after taxes is worth 20 years at 100k after taxes (50% rate).
Investing a million today say in real estate over 20 years will give you money to live on while you rent and a the property can be sold for double in 20 years. Repeat and this strategy would bring increasing wealth for a 20 year old.
- paulddraper 3y agoNo one makes $100k and pays $50k in taxes.