re: My 20 year old son will be bringing in 40-50k per month for the foreseeable future.

Max out 401k, and Roth.

Spend $5k/mth, and put the remaining $15k cash in savings

Once he gets enough to buy a house, buy one cash.

Then start saving again, until about $100k in cash.

Then figure it out. I’m sure that revenue stream won’t last forever

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I'd rather pay taxes on $70K today rather than $70k+40 years of growth.

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Now compound the growth of the $25k of taxes saved now. The government is going to get their share one way or another.

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Again, not trying to take away anything but this is a joke.

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But that’s exactly what you are doing. His son found a market for his work that is paying more than the market where you’ve chosen to participate in. Wishing ill on others for things completely out of your control is not a good look. Literally nothing his son did affects you other than reading a post and you showing that you can’t handle other people finding success.

Do better.

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Doctors should pay 0 taxes, nurses should pay 0 taxes, people who work materially beneficial jobs should be taxed 0.

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that's pretty stupid.

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that's pretty stupid.

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Why? They perform an essential materially beneficial service. We should incentivize people to pursue jobs that provide a material benefit instead pursuing the development of games that are basically.gambling for children.

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But it’s not a complete 0 value add. The fact that he’s able to make money shows that isn’t the case.

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The cartel is even wealthier. Does the cartel add value to the world?

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Just because you don’t think it’s worth anything doesn’t mean it isn’t to others.

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Objectively, we know of many things that are not good. Are you arguing for a relative system of values?

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And I’m not mad, but I’ll never understand why anyone would argue for more taxes on anything.

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Because there are certain things we need and certain things that provide no material value.

Drugs and porn have a well documented history of being net negatives on our society.

I’m not equating video game development to either of those industries.

I’m curious, where do you draw the line at restaurant owners? A basic need is food but should they be taxed the same as doctors and nurses? It’s a need same as health care. Right?

Clearly, you’ve got in your head entertainment of all forms (video games/tv/movies/ I’m guessing books) don’t add any value anywhere.

For the record I understand the point you are making. It sucks that entertainers make more than teachers, nurses and most doctors. We absolutely should incentivize the jobs and careers that add value to our world and country. But incentivizing by using taxes is a damn slippery slope.

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tiggerthetooth

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I hope you aren’t actually an attorney and don’t represent people, you come off as a total moron.

Unless you’re just drawing up boilerplate paper work…. Which is useless to society and should be eliminated. Like what you’re bitching about

Nope- think you have the wrong poster bud. Unless I was
Drunk posting….

I have zero debt other than house and car..

Man that is awesome! That 401k is going to be looking nice down the line!