Finally I have seen it all! The fear of being pushed into higher tax bracket leads to people choosing very dumb thing to do. Unless and until you end up with over 100% tax bracket you are always better off even when you are pushed into higher tax bracket. It is very simple concept but missed by some BH. I hope none of them make living as engineers!
Yes, there are some cliff cases where marginal tax bracket becomes virtual multi hundred percent such as IRMAA but because of two year look back it is complicated to wrangle out of it if you are the unfortunate one to have too much income in retirement. Small violin?
Yes, there are some cliff cases where marginal tax bracket becomes virtual multi hundred percent such as IRMAA but because of two year look back it is complicated to wrangle out of it if you are the unfortunate one to have too much income in retirement. Small violin?
Statistics: Posted by rs9876lg — Sat Jul 20, 2024 6:30 am — Replies 29 — Views 3584