marko
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 16, 2011
- Messages
- 8,509
An idle question on a foggy Saturday morning:
Not counting SS, rental income or anything other than your portfolio, how do you count your income?
Example: If your portfolio made $400K and your SWR is $120K but you only paid taxes on $30K what would you consider your income?
I think it might depend on who's asking; that is, when it's time to do a new car lease, I'd use the total portfolio number (if larger that year) but on a practical day-to-day level I consider my income to be my SWR, then there are instances where I might answer on what I paid taxes on.
Again, limiting it to portfolio only. Just curious.
Not counting SS, rental income or anything other than your portfolio, how do you count your income?
Example: If your portfolio made $400K and your SWR is $120K but you only paid taxes on $30K what would you consider your income?
I think it might depend on who's asking; that is, when it's time to do a new car lease, I'd use the total portfolio number (if larger that year) but on a practical day-to-day level I consider my income to be my SWR, then there are instances where I might answer on what I paid taxes on.
Again, limiting it to portfolio only. Just curious.