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A comment on The plateauing of cognitive ability among top earners. Parent comment

Re:The plateauing of cognitive ability among top earners by manimino on Saturday February 04, 2023 @12:09PM (#34656014)
Sounds right. Around 2.2 million, your money starts to generate more income than your labor can, unless you have an exceptionally high paying job.
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Re:The plateauing of cognitive ability among top earners by dane-pgp on Saturday February 04, 2023 @01:30PM (#34656759)
So maybe people with a net worth above 2.2 million should be paying a wealth tax instead of an income tax.
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Re:The plateauing of cognitive ability among top earners by renonce on Saturday February 04, 2023 @02:15PM (#34657180)
That's called inflation.
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Re:The plateauing of cognitive ability among top earners by bawolff on Saturday February 04, 2023 @02:29PM (#34657316)
Well they do have to pay taxes on dividends and capital gains, so its not like its totally tax free.
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Re:The plateauing of cognitive ability among top earners by mancerayder on Saturday February 04, 2023 @05:38PM (#34659171)
Even if they're 70 after working a lifetime?
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Re:The plateauing of cognitive ability among top earners by Swizec on Saturday February 04, 2023 @09:27PM (#34661042)
At that age there’s the estate tax … plus you’re paying taxes on withdrawals since mist retirement savings are tax deferred. There’s also capital gains taxes that hit you I think.
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