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re: Perfect Annual Salary?
Posted on 7/28/13 at 3:34 pm to Lsut81
Posted on 7/28/13 at 3:34 pm to Lsut81
Depends on how that income is derived. (earned v. capital gains) And if you are saving out of it. Also if you want early retirement. I used to think 500k would do it, but not so. Now that I make a lot more than that, still not satisfied. 
Problem is that your taste and desires go up with the income. And everybody is different.
I'm gonna say 2 million would be perfect. But, I'd always take MORE!!!
I don't think people realize the bite taxes take outta your arse at this income level. If I coulda kept the 400k or so I paid in taxes last yr, I'd be a hell of a lot happier with my current income.
Problem is that your taste and desires go up with the income. And everybody is different. I'm gonna say 2 million would be perfect. But, I'd always take MORE!!!
I don't think people realize the bite taxes take outta your arse at this income level. If I coulda kept the 400k or so I paid in taxes last yr, I'd be a hell of a lot happier with my current income.
This post was edited on 7/28/13 at 3:36 pm
1
Posted on 7/28/13 at 4:03 pm to SmackoverHawg
quote:
Problem is that your taste and desires go up with the income. And everybody is different.
Some of us didn't engage in massive spending creep over the years, guess it is whatever is important to make one happy. I do know that saving/investing early makes a huge difference for early retirement aspirations. Then again, I doubt many in the top 15% of income would be able to ER if they could only do so spending $200-300k a year.
Make $300k, save $125k, it ain't like it's hard.
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