John & Samantha | How To FIRE®🔥

A married couple earning $250,000: "We pay 24% income tax!" Reality: $250,000 - $29,200 standard deduction = $220,800 10% * $23,200 = $2,320 12% * $71,100 = $8,532 22% * $106,750 = $23,485 24% * $19,750 = $4,740 Total = $39,077 $39,077 / $250,000 = 15.6% EFFECTIVE tax rate

The max one can pay into social security per year is $10,453.20. If you did that every year from age 18 until retirement, the max you’ll get from SS is $4,873 /month. If you put it into an S&P index fund instead, you would receive $32,583 per month. Social Security is a scam.

Got a lil' something added to our name now 👀 Figured it was about time, next month is 5 years!

20% of US are canceling their summer vacations due to inflation, and nearly 50% are making other budget cuts to make ends meet, per FORTUNE.

One whip is about to hit 150K miles. How do you know when it’s time for another one?

The Massachusetts Securities Regulator has said they are investigating Roaring Kitty for his $GME, GameStop positions. But the Massachusetts’ politicians have been trading themselves. Let’s look at Massachusetts reps and their trading. - Rep Katherine Clark sits on the Congressional Subcommittee on Labor, Health and Human Services. She bought shares in Holologic a week before the US Department of Health awarded the company a $119 million Covid 19 contract. She sold after the shares spiked days later. - Rep Lori Trahan was months late disclosing stock sales, never faced a penalty - Bill Keating was also late, failing to disclose his ROST sells and TJX buys - Seth Moulton sold $250,000 of $ATVI, Activision, on June 13th. Later that exact day, the $ATVI and $MSFT acquisition was blocked by the US FTC - Rep Clark also traded stock before the COVID drop, and bought tons of tech stocks before vaccines were announced Most of their portfolios are beating the market at the moment.

SEC trying to get someone posting memes in trouble 🤣 Let’s see how that goes in court.