I agree. I've always thought that. You'd be better off making $77,400 than $95,000.
Tax time..
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I agree. I've always thought that. You'd be better off making $77,400 than $95,000.
Really depends on the client. I have clients that pay just the min to avoid the underpayment penalty and write the balance due on the April 14th. Other clients contact me 3 times a year with pay stubs to look at their withholding and give them my suggestion to adjust their withholding.
Really just depends on how good you are at keeping money in an account and not touching it. Pick your poison and roll with it.
Really just depends on how good you are at keeping money in an account and not touching it. Pick your poison and roll with it.
Mine was off by six digits and the first number was not a one (had me over pay).
He had you overpay $200K? What?
no, that's not how it works. you only pay 22% on the amount above $77,400.
I know, I'm not saying you come out money ahead...I was just making light of having to pay a larger percentage.
oh, gotcha.
LOL that seems very unlikely.
As long as it’s not a stork.
Six figures included the numbers to the right of the decimal.
lol That's what I was thinking... when he said 6 figures, and the first number wasn't a 1... I was shocked.
in Louisiana, due to the federal tax break, they increase state income taxes to make sure people still get the same money stolen from them each year..
http://www.fox8live.com/story/37169939/federal-tax-reform-means-state-taxes-go-up-in-2018
http://www.fox8live.com/story/37169939/federal-tax-reform-means-state-taxes-go-up-in-2018
And then some.
How the hell did that happen?
CPA looked at the budget instead of actual. I just applied it to 2017 taxes. It wasnot ideal, but I can’t really complain.
SC is so money rich with all of the new businesses and citizens that we actually have gotten tax breaks a solid few years in a row. We did have a gas tax hike, but that's because our paved roads aren't as smooth as 100 year old gravel driveways on a good day.
Meh, I don't agree. So you're paying another 2% on that extra $17,600. That's a whopping $352 extra. What sucks ass is paying another 8% on everything past 315k (not me btw). Or having to file a single return. LOL.
I'm liking this Trump bracket vs the 2017. Dropping that 4th bracket down 4% is going to be a big help for me.
As far as your original question I just take out more per check. Nice and simple and I don't have to worry about it. My income varies since I'm self employed though. So I just run some numbers end of every quarter and if I need to I will make an extra 1 time tax payment if it looks like I'm falling behind.
My wife doesn't work so I don't have to worry about her accidentally making too much. If your wife does that's another variable to keep an eye on.
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I was kidding..
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