My Financial Independence Journey » Entries tagged with "taxes"
How Wage, Ordinary, and Qualified Income Are Taxed
Writing up my previous post on federal income and investment taxes was so enjoyable that I thought it would be fun to delve even further into the hellacious nightmare that is the US Federal tax system. Specifically, we’re going to learn all about the standard deduction, about how being married affects your take home pay, and most importantly - the difference between marginal and effective tax rates. And just for good measure, we’re going to … Read entire article »
Filed under: Reflections
A Primer on Federal Income and Investment Taxes
Tax season is upon us yet again. We all pay an exorbitant amount of money in taxes. Seriously, go look at your pay statement and see how much money was ripped out of it by the government. It’s okay if you feel the need to sob uncontrollably while drowning your sorrows in a bottle of vodka after that. I’ll wait. I think most of us are intimidated by taxes, but because we pay so much … Read entire article »
Filed under: Investing, Reflections
