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by berdario 2061 days ago
"Once income and spending exceed this level, taxes must be paid. Unless…

Unless that income comes from qualified dividends or long-term capital gains. In this case, a married couple can have $24,400 a year in income AND $78,750 in investment income, TAX-FREE"

If you can get 78k$ yearly investment income from index funds, you already have a net worth of several million $, and you're thus already among the people that don't need to work (or you had some incredible luck for smaller investments)

2 comments

But according to that link, all you have to do is choose leisure over labor*

*and have $5M+ in assets

Closer to $2M will do it with a low risk of portfolio failure, $2.5M will do it with almost no risk of failure.
Don't hate the player, hate the game. Capital owners pay far less in taxes than worker bees.