So 100 million is enough to do quite a bit with?
> that person that is capable of earning 100 million will simply exit your tax jurisdiction
There are plenty of lower tax jurisdictions than Silicon Valley. Is it possible there's more to a jurisdiction than the raw marginal tax percentage it applies to one's paycheck?
The people at the top should look at the bottom for what should not be.
> My own wealth now would be unimaginable to myself when I lived in the USSR.
Good! But apparently $100M isn't enough?
You might look at history for how the "let them eat cake" approach goes.
> It's part of something called freedom.
Freedom is more complicated than you make it out to be.
https://en.wikipedia.org/wiki/Positive_liberty
https://en.wikipedia.org/wiki/Negative_liberty
One of the early things toddlers have to learn, in fact, is that their personal freedoms may be in conflict from the very legitimate freedoms of others.
Even in SF that's about double reality. https://www.census.gov/quickfacts/fact/table/sanfranciscocit...
> They will have 25 peak earning years where they earn like 240k after taxes but only spend 100k so that extra 140k goes into IRA/401k, and other investments, plus discretionary spend.
Talking about an extra $140k a year for decades straight to put into savings as if it's the American norm illustrates just how deeply out of touch you are here.
https://www.census.gov/library/publications/2025/demo/p60-28...
"Median household income was $83,730 in 2024"
> This isn't France and you're not gonna do shit.
Yeah, Louis XVI thought the same.
https://en.wikipedia.org/wiki/Household_income_in_the_United...
"A household's income can be calculated in various ways but the US Census as of 2009 measured it in the following manner: the income of every resident of that house that is over the age of 15, including pre-tax wages and salaries, along with any pre-tax personal business, investment, or other recurring sources of income, as well as any kind of governmental entitlement such as unemployment insurance, social security, disability payments or child support payments received."
> That means someone who has 3 million in an IRA will only show "income" on money they take out of the tax deferred account which may only be 50k in a fiscal year.
We're talking about putting in, not taking out.
Define median for me?
It went rather badly for the revolutionaries: the vast majority of the nobility escaped, most of those executed were commoners, Robespierre himself was guillotined (nice own goal there) as a result of political infighting, and the First Republic gave way in only 10 years to the reign of Napoleon as emperor.
Those who invoke the French Revolution of 1789 are self-identifying as future failures. For pity's sake, at least use a historical example that lasted longer.
Few invoking the French Revolution think it'd be good. I'd just like to avoid a repeat.
He already moved to Texas because of taxes - I think this is as good as it gets for him. If US Federal Government taxes his wealth (not something remotely possible) he will still stay in Texas.
> Top marginal rates span from 2.5 percent in Arizona and North Dakota to 13.3 percent in California. (California also imposes a 1.1 percent payroll tax on wage income, bringing the all-in top rate to 14.4 percent as of 2024.)
Am I missing something?
Yes. Literally an entire lifetime of context.