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Just dump what you can of the remainder in an S&P or Nasdaq Index fund & at an approximate 9.8% annual ROI you'd recoup all of that taxed money in less than 7 years. And of course, if you keep it in for 14 years you'll have 200% of what you had originally made pre-tax.
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im probably gonna be paying close to 50% of my income in taxes after everything's done (self employed, in california, high income). How long will it take me to earn that back?
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yeeeepp. all things considered im trying to save up 50% of my income into an account which i will then empty out next tax year, writing the government a fucking massive check. I hate it
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Push for ending prohibition. I’d also say move to Santa Cruz... but you said a thing about taxes... California isn’t the place to flee to for taxe shelter...
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Portugal 🇵🇹 Drugs decriminalised 0% income tax for non-habitual residents 0% inheritance tax (10% outside immediate family) 3rd safest country in world (2019) 0% capital gains on Bitcoin
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