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  #41  
Old 12-11-2018, 10:52 PM
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crwilli crwilli is offline
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I think you are correct. So there is a trade off on income / charity if close to that edge.
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  #42  
Old 12-11-2018, 11:09 PM
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Quote:
Originally Posted by crwilli View Post
Just studied the breaks. Two jumps standout at $1 more income and boom, 10% or 8% higher tax rate... That means folks there better pay close attention... a charitable donation of a few hundred $ could save you big money.
Remember that when your income goes into the next tax bracket, you only pay that tax rate on the dollars you earn that are above that point. It doesn't apply the higher tax rate to all your income.
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  #43  
Old 12-12-2018, 05:33 PM
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Quote:
Originally Posted by mtrot View Post
Remember that when your income goes into the next tax bracket, you only pay that tax rate on the dollars you earn that are above that point. It doesn't apply the higher tax rate to all your income.
Thanks for the info, mtrot. I did not know that (although I certainly should have).

Cheers,

Scott
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  #44  
Old 12-12-2018, 06:54 PM
mulveling mulveling is offline
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This looks fantastic to me. Could've really used it last year, though.
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