How Your Income Tax Can Increase After 2025

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  • Опубликовано: 10 июн 2024
  • Beware of your tax rate possibly going up after 2025 unless Congress extends Tax Cuts and Jobs Act (TCJA)
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Комментарии • 6

  • @FIREPsyChat
    @FIREPsyChat  Месяц назад

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  • @Bagsn86
    @Bagsn86 Месяц назад +2

    It amazes me how many adults don’t know this, even people going inn no to retirement

  • @coolraul07
    @coolraul07 Месяц назад +1

    Um, actually..
    His ACTUAL gross income was $100K, not ~$85K. Therefore, his effective tax rate was ~13.8%.

    • @FIREPsyChat
      @FIREPsyChat  Месяц назад

      No. Gross income is not taxable income. The effective tax rate is total taxes paid divided by taxable income, which is after the standard deduction

  • @gofman1109
    @gofman1109 Месяц назад +1

    My tax was raised by Trump so I love to see the Trump tax raise expired