Well, speaking from experience, earning a million dollars+ a year is nowhere near “elite” status of hundreds of millions+ a year.
I am a simple millionaire with a simple financial services business. 37% of my earnings go to federal taxes and another 12% to the state. That’s before payroll (fica) taxes.
With a family of four who give 10% of revenue to God, that doesn’t leave us with a ton of money. More than most? Yes, but not more then you would think.
Well, speaking from experience, earning a million dollars+ a year is nowhere near “elite” status of hundreds of millions+ a year.
I am a simple millionaire with a simple financial services business. 37% of my earnings go to federal taxes and another 12% to the state. That’s before payroll (fica) taxes.
With a family of four who give 10% of revenue to God, that doesn’t leave us with a ton of money. More than most? Yes, but not more then you would think.