The Picard Maneuver@lemmy.worldM to Lemmy Shitpost@lemmy.world · 1 month agoYou'd need to calculate the compound interestlemmy.worldimagemessage-square61linkfedilinkarrow-up1622arrow-down120
arrow-up1602arrow-down1imageYou'd need to calculate the compound interestlemmy.worldThe Picard Maneuver@lemmy.worldM to Lemmy Shitpost@lemmy.world · 1 month agomessage-square61linkfedilink
minus-squareivanafterall ☑️@lemmy.worldlinkfedilinkEnglisharrow-up12·1 month agoAfter taxes, you’d only have like $4.9 billion. That’s how they get you. You’d be better off taking the dollar in 5 million years and letting it grow.
minus-squareLordCrom@lemmy.worldlinkfedilinkarrow-up1·1 month agoYou do know that interest earned is also taxed right? Letting it grow means you pay every year of how much it grew.
minus-squareivanafterall ☑️@lemmy.worldlinkfedilinkEnglisharrow-up4·1 month agoThat’s why I’m waiting 5 million years to let it grow. I’m skipping 5 million years worth of taxes.
After taxes, you’d only have like $4.9 billion. That’s how they get you. You’d be better off taking the dollar in 5 million years and letting it grow.
You do know that interest earned is also taxed right? Letting it grow means you pay every year of how much it grew.
That’s why I’m waiting 5 million years to let it grow. I’m skipping 5 million years worth of taxes.