Mixing a pay raise with downsizing can do wonders for a financial situation. It’s pretty incredible. Throw in a favorable tax code, and we can start talking about some real money. I am told you are officially ‘old’ when taxes become a regular point of conversation. I like to think I have wisdom beyond my years. But I do find it an interesting subject, and I continue to be surprised just how different the tax...
Let’s talk tax brackets. Federal income tax brackets, to be more specific. I suppose I am a little late for the busted college basketball bracket analogy, but this just couldn’t wait for March Madness 2020. Not to mention, there really isn’t much of an analogy back to basketball. After all, college athletes don’t get paid. Well, at least they shouldn’t. But I suppose if they did take illegal payments, the IRS would want a piece...
So today, you are going to get a short history lesson from Max. We have basically closed out the Max Out of Pocket “Fundamentals of FICA” course. I will eventually brand it as “Fun with FICA”. We have even started using those skills in real life on our stroll through the cafeteria to buy health insurance from our employer. There will be a lot more healthcare content to come. But after all the writing about...
We have learned a lot these last few months here at Max Out of Pocket. Since Max OOP is just an average Joe Max, we prefer to keep things in nice, bite-sized chunks where we can. Hopefully that works out for everyone as we take a trip through the cafeteria today and pick up some medical insurance. The Rundown With an initial focus on FICA payroll taxes, we learned that most Max Out of Pocket...
Well, as fun as it is to blog about skiing the east and buying lambs, it is time to get back to business. I promise you, all these tax articles are going to come in handy once we start talking about saving money on healthcare.