The Picard Maneuver@lemmy.worldM to Lemmy Shitpost@lemmy.world · 2 months agoYou'd need to calculate the compound interestlemmy.worldexternal-linkmessage-square61fedilinkarrow-up1624arrow-down118
arrow-up1606arrow-down1external-linkYou'd need to calculate the compound interestlemmy.worldThe Picard Maneuver@lemmy.worldM to Lemmy Shitpost@lemmy.world · 2 months agomessage-square61fedilink
minus-squareLordCrom@lemmy.worldlinkfedilinkarrow-up1·2 months agoYou do know that interest earned is also taxed right? Letting it grow means you pay every year of how much it grew.
minus-squareivanafterall ☑️@lemmy.worldlinkfedilinkEnglisharrow-up4·2 months agoThat’s why I’m waiting 5 million years to let it grow. I’m skipping 5 million years worth of taxes.
You do know that interest earned is also taxed right? Letting it grow means you pay every year of how much it grew.
That’s why I’m waiting 5 million years to let it grow. I’m skipping 5 million years worth of taxes.