[manimino]

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.

[dane-pgp]

So maybe people with a net worth above 2.2 million should be paying a wealth tax instead of an income tax.

[bawolff]

Well they do have to pay taxes on dividends and capital gains, so its not like its totally tax free.

[mancerayder]

Even if they're 70 after working a lifetime?

[Swizec]

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.

[renonce]

That's called inflation.