![]() You control that by the amount of money you choose to defer into a defined contribution plan (401k, etc). What we need to figure out is how much of that we should bring home. Your gross (before tax) monthly income on a $120,000 household income is $10,000. The point of this post isn't tax avoidance, although tax efficiency is certainly appealing. I'm not going to pretend like we don't need roads, school, and other elements of both physical and social infrastructure. Your paycheck can either get crushed with taxes or less-than-crushed with taxes. ![]() The only place we can conceivably begin is with taxes. These premiums are not taxable, in our example.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |