EBEG
Well-Known Member
Agreed. Income compared to assets is tricky. I once saw the financials of a guy with $20 million in assets. His annual income was $85k. Newly minted doctors can easily owe $400k in loans, which makes $250k a year a lot less than it seems. It's called capitalism and not incomeism for a reason.Which makes AGI caps even dumber. Some guy that was making $600k+ for years and retired with a fat nest egg qualifies under the new rules, but the young guy who just got a nice pay bump to counteract our runaway inflation doesn’t.
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