The REPAYE subsidy hasn’t caused tax problems.Before the SAVE subsidy covered 100% of interest, the REPAYE subsidy covered 50%. REPAYE borrowers didn’t have to pay a tax on forgiven debt. Reduced interest charges are not the same as forgiven debt.Think of the SAVE subsidy like a zero...
but with huge wages in some areas of the country and in some occupations, it’s not that hard. If you’re making $200k or $300k as a household, just live like someone “only” making $50-75k and you can hit the savings rate needed to hit FI in not much more than 10 years....
You’re right there’s no specific line item carbon tax, just like there’s no line item tax on the products that we haul to the stores. So if my company has to pay a specific carbon tax, then so should the consumer, which means our customers like Costco and Walmart would have to...
Given the power of inflation, to neither max out your 401(k) nor invest an additional 20%+ of your after-tax income if you don't have a pension is risky. When it comes to your money, it's always better to end up with too much than too little. How To Calculate The Value Of A ...
Thank goodness they have $25,200 a year in mortgage interest they can use to lower their taxable income by that same amount. Property Taxes: $8,000 The $200,000 six figure income family lives in San Francisco and pay a property tax rate of 1.24% on the assessed value of their property...
Our initial plan was to pay cash, and to have a “disposable” boat we could be done with after a year or two. Ideally something that would be easy to sell after we had finished the Loop, but which would not tie up too much of our assets if we needed to sell quickly for a steep...
Much like in the startup business, most hedge funds fail because they are unable to outperform the markets over a three year period to raise enough capital to make a worthwhile profit. The industry is seeing fee compression given returns have been so poor. That said, all it takes is one ...