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If you can sustain 5% interest, that's $500k a year taxed at 15%. That might not be fuck-you but it's certainly good enough for pretty much anything you might w
by flavor8 13y ago
If you can sustain 5% interest, that's $500k a year taxed at 15%. That might not be fuck-you but it's certainly good enough for pretty much anything you might want to reasonably do with the rest of your life. (Barring ultra luxury of course.)
- gamblor956 13y agoInterest is taxed at marginal rates, not capital gains rates. (You may be thinking of dividends.) Moreover, at $500k/year, you would be subject to the new higher capital gains rate of 20%...
- toomuchtodo 13y agoThere are plenty of high quality bond funds I can invest in with 5% return where the returns are taxed as dividends and not interest. When we talk about "interest" here, I think its defined as passive low-risk investment income that is able to be taxed at a lower capital gains rate.
- clarky07 13y agoI think we are getting a bit pedantic here. You can get by just fine on 500k a year, even if taxed at top rates.
- nerfhammer 13y agoInvest in municipal bonds. Interest is not subject to federal income tax.