@[email protected] to Political [email protected]English • 2 months ago'Sad' Continues To Be Redefined.lemmy.dbzer0.comimagemessage-square176fedilinkarrow-up11.43K
arrow-up11.43Kimage'Sad' Continues To Be Redefined.lemmy.dbzer0.com@[email protected] to Political [email protected]English • 2 months agomessage-square176fedilink
minus-square@[email protected]linkfedilink4•2 months agoI 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.
minus-square@[email protected]linkfedilink2•2 months agoI’m guessing the first thing she buys is a truck-boat-truck, so skim 100k of the top of that figure.
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.