705
'Sad' Continues To Be Redefined.
(lemmy.dbzer0.com)
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this post was submitted on 06 May 2025
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I'm more concerned about the 27000 people, including standout members of the community such as White Guilt is OVER, Whites Unite and David Duke Fan 88, who have donated over $720k to her (so far).
She will be able to retire from this. (It doesn't cost a.million to move.)
You can't retire on 700k in the US, especially if you have young kids. (Which is, TBH, a depressing thought. I'd be fine with one racist retiring for free if it meant the majority of the population got more equitable value for their labor.)
She'll have to pay taxes on it too, I'm assuming.
I cannot guess at the tax rate. I assume the fundraising will hit the $1 million goal.
At 4% withdraw rate, thatis $40K per year.
Cut in half for taxes, is $20K. Equivalent-ish to a $10 per hour job.
Single mothers are statistically more likely to be at the bottom of the wage scale.
It could be enough to retire on.
I'm guessing the first thing she buys is a truck-boat-truck, so skim 100k of the top of that figure.