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Money and Finances
Reply to "400k salary and creep factor we never really have much left "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]No one should pay more than 20% in tax. OP if this is your big expense, invest in a good CPA to help you save.[/quote] How do you get to a 20% tax rate? We pay 30%.[/quote] What is your HHI? I have friends including myself earning between 200-500 HHI, and none of us pay more than 20%. I know someone earning more than 1milliom/year, and he pays almost nothing in tax.[/quote] What on earth? We have and use an accountant. How is this even possible. We make $1 million and pay close to 38% in federal and state taxes. [/quote]
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