Row 55556

Row ID: 55556 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 55556 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

What is rich?

The article mentions potentially taxing "millionaires" at 2%. I have a couple million I saved up my whole life to live off of now that I am retired, and assuming that money makes me 4% invested I can maybe live off of the $80K it generates a year. But not if the government is going to take 2% of the total net worth of my investment... that's $40K gone, half of my money to live off of. And heaven forbid the stock market decides to have an up year and I don't take that money out of investments, now I am being taxed on unrealized gains, which is a whole cluster-frack to consider.

I live in a HCoL area, doesn't that come into consideration either?

FieldValue
text What is rich? The article mentions potentially taxing "millionaires" at 2%. I have a couple million I saved up my whole life to live off of now that I am retired, and assuming that money makes me 4% invested I can maybe live off of the $80K it generates a year. But not if the government is going to take 2% of the total net worth of my investment... that's $40K gone, half of my money to live off of. And heaven forbid the stock market decides to have an up year and I don't take that money out o…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-23
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url_encoded Z0FBQUFBQm5Lak9sOFlNQUpUdVNYUVNHS2FwVEFLTVY1MXllTVBieXp1eE5ETUJld3Jld1M2UUNJVmkwMjEta3Z0MUhSblFGaS1sd2RKXzdsYXRqdXNiN0c1R29rY1FFVThUbnNicU80UThvMGp4cjBZWVRJRWgzbEpDM1RwTXVKME5hM0xiTTFFS0xIQmhVZW9oeTlpZFg4MkNveVNfR2Z4aXp0cENtTTNyU19tSG5aeEJQU3o5NjBCLVZFYVVCRjlocWk4YzhLRHFEWFNxa3NmX1k0eThSRk4wZ0U5RGlmdz09

Raw Record

{
  "text": "What is rich? \n\nThe article mentions potentially taxing \"millionaires\" at 2%. \nI have a couple million I saved up my whole life to live off of now that I am retired, and assuming that money makes me 4% invested I can maybe live off of the $80K it generates a year. But not if the government is going to take 2% of the total net worth of my investment... that's $40K gone, half of my money to live off of. And heaven forbid the stock market decides to have an up year and I don't take that money out of investments, now I am being taxed on unrealized gains, which is a whole cluster-frack to consider. \n\nI live in a HCoL area, doesn't that come into consideration either?",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-23",
  "username_encoded": "Z0FBQUFBQm5Lak1WQVBTZm9JWE81ZVMyWEM1Qm5FQklfYXVibE51NkxPNU5Tc3VFODl2OG1NTVRoTmtqdEpPbS1fOU9tREtwQVlBQUpYVXFRaXJpNlM5bGMyYm5kVURCbVE9PQ==",
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}
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