miss_demeanour@lemmy.dbzer0.com to Political Memes@lemmy.worldEnglish · 3 days ago'Sad' Continues To Be Redefined.lemmy.dbzer0.comexternal-linkmessage-square176fedilinkarrow-up11.41Karrow-down112
arrow-up11.4Karrow-down1external-link'Sad' Continues To Be Redefined.lemmy.dbzer0.commiss_demeanour@lemmy.dbzer0.com to Political Memes@lemmy.worldEnglish · 3 days agomessage-square176fedilink
minus-squareMNByChoice@midwest.sociallinkfedilinkarrow-up4·3 days 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-squareZeffSyde@lemmy.worldlinkfedilinkarrow-up2·2 days 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.