Even with relatively low returns, and a high tax rate, $1.6 mil/year gives you enough cash to make a 6 figure income from it without touching the initial investment pretty quickly.
Because the interest accrued is probably less than half of what is realistic with historic trends. The tax rate assumed is unreasonably large for business as well, as he doesn’t make a salary, he makes income.
as he doesn’t make a salary, he makes income
Please explain the difference.
