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re: 1 Percenters of Tiger Droppings
Posted on 7/1/19 at 1:22 pm to Smoke7024
Posted on 7/1/19 at 1:22 pm to Smoke7024
quote:
It's all pass-through to you, so it'll still be "income" on your tax return. You can manipulate it easier and get out of some self-employment tax if you pay yourself a lower salary through your s-corp then take cash distributions.
yep, there's a couple of really naïve responses here along those lines, reminds me of this:
LINK
0
Posted on 7/1/19 at 1:22 pm to frankthetank
On average income of the one percenters of annual income is $718K a year.
Or over $5million in assets
Or over $5million in assets
Posted on 7/1/19 at 1:32 pm to frankthetank
Better question is how long did it take for you to go from making $200k to making only $100k?
Posted on 7/1/19 at 2:05 pm to frankthetank
quote:
In case anyone is curious
What it takes to be in the 1 percent in your state
DC at number 2 tells you all you need to know
Posted on 7/1/19 at 2:10 pm to frankthetank
I was pretty fortunate that I went from 100-200 in just about 4 years. I got a job where the growth was right and leveraged that into 3 promotions during that time.
Posted on 7/1/19 at 2:11 pm to frankthetank
1 day. The day I finished residency.
Posted on 7/1/19 at 2:19 pm to frankthetank
A couple of years after becoming a business owner.
Posted on 7/1/19 at 2:21 pm to frankthetank
When my wife finished her fellowship
Posted on 7/1/19 at 2:39 pm to frankthetank
I’d say from an entry level engineer to VP level took me around 20 years. That’s when I busted the $200K mark. Possibly before the title promotion.
Posted on 7/1/19 at 2:48 pm to frankthetank
There are so many good looking, model banging, wealthy men on here it’s remarkable. This message board may be the greatest collection of GQ looks, athleticism, and wealth ever assembled on a single message board.
Posted on 7/1/19 at 2:58 pm to Brazos
I would not know what i'd do If I ever made 30k a year.
Throw a party I guess.
Throw a party I guess.
Posted on 7/1/19 at 3:18 pm to WWII Collector
If you made 30k a year you would just live like you made 30k a year I assume.
Posted on 7/1/19 at 3:21 pm to Brazos
Happens errryday...
Was meaning that is and has been the height of my income forever..
Oh well. I am happy. Just wish this WWII stuff wasn't so high.
Was meaning that is and has been the height of my income forever..
Oh well. I am happy. Just wish this WWII stuff wasn't so high.
This post was edited on 7/1/19 at 3:27 pm
Posted on 7/1/19 at 3:25 pm to frankthetank
quote:
How long did it take for you to go from making $100,000 a year to making more than $200,000 a year?
H
I dont know how long it took to get for 100 to 250k....but I can tell you that 250k to 50k can happen on a Thursday.
Posted on 7/1/19 at 3:27 pm to OweO
quote:
Wouldn't know. I started out at $500k/year.
Doesn't count if it's in Pesos dumbass..
Posted on 7/1/19 at 3:28 pm to TigerMeister
quote:
200k even in the 1 percent?
top 5%
Posted on 7/1/19 at 3:39 pm to WWII Collector
You being happy is all that matters. True wealth is having inner peace and that’s rare nowadays.
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