Brace Belden wearing a wiretap with dementia via Instagram (hexbear.net)

submitted 7 months ago by gay_king_prince_charles@hexbear.net to c/chapotraphouse@hexbear.net

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Tsk tsk tsk

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[-] CommunistCuddlefish@hexbear.net 7 points 7 months ago

That's a lot of money, wtf do you even do with that much

[-] darkmode@hexbear.net 16 points 6 months ago* (last edited 6 months ago)

we don't know how their business is set up for certain but let's napkin math their split 60k/mo and tax them as "income" (which is definitely not happening. Something like "trueanon llc" is getting that 180k if they have a good accountant)

Anyway, 60k/mo is 720k a year. that puts them pretty high up state and federal tax bracket wise. about 45% of that is getting taken by the various US govts. so now all youre left with is about 396k/yr. You're probably buying a nice apartment in brooklyn or a house in new jersey and having a respected financial adviser manage both safe and risky investment accounts for you.

[-] CommunistCuddlefish@hexbear.net 9 points 6 months ago

Oh wow. I think I see why rich people hate taxes now.

[-] darkmode@hexbear.net 45 points 6 months ago

very few people have their personal income at that high of a number. You eventually consult a financial priest and they perform spells to operate your LLC at a loss, allowing you to avoid heavy taxation