Love it. I did the same thing. Retired early from a law career and now play the market and collect enough dividends so that I pay very little in taxes. Got tired of paying hundreds of thousands in taxes each year to a government I despise, so that it can use my taxes to buy votes from people who have no desire to better themselves. I love what Trump is doing, although I am a Cruz man. The GOPe will never get another dollar from me.
Sounds like my story. Law early out, galt, etc.
Who do I hate more? The enemy who faces me, or the ‘friend’ with my back who crouched on his hands and knees directly behind me so my enemy could push me to the ground?
If you are in the highest tax bracket and you paid 100K a year in taxes you income was well over 300K/yr. Wow.
Awesome! And you’re probably living a happier life with less stress.
My husband is pretty conservative, fiscally too. He wanted to “max” out his Social Security and wouldn’t consider retiring early until I did the calculations. If he worked 17 more years (until 67), he’d pay in around $150,000 - his portion alone. With his employer’s contributions it would be $300,000! Using the 3 tiers of calculations on the SS site, he’d only get back $40,000 more for paying all that in, if he lives to the average male lifespan of 83.
Very socialized! That was the last straw, on top of all the other taxes he’s paid in to a fascist government.
He’s been here 1 month now, with no regrets ;)
If you have any advice on dividend producing stocks, we’d have open ears...