at 18:00 he's talking about a guy who made $180k and then $280k the next year. And then mentions that's $10k and $50k in taxes after deductions. who's paying a 5% marginal tax rate on $180k? who's paying 17% on $280K? that doesn't sound right
Good point- I re-listened to it and he said after itemized deductions... taxes on the 180 does sound low but not if he put a big chunk into something tax deferred and/or had some of his salary paid out as dividends... the 50K on 280 means that he is paying an extra 40K on that additional 100K from 180 to 280- that's probably right....
Greg is amazing, highly recommend his book!
Just read half of your book before supper. Never imagined chewing through a book about numbers written by an accountant. Superb.
I just became a client of theirs. Good stuff.
at 18:00 he's talking about a guy who made $180k and then $280k the next year. And then mentions that's $10k and $50k in taxes after deductions. who's paying a 5% marginal tax rate on $180k? who's paying 17% on $280K? that doesn't sound right
Good point- I re-listened to it and he said after itemized deductions... taxes on the 180 does sound low but not if he put a big chunk into something tax deferred and/or had some of his salary paid out as dividends... the 50K on 280 means that he is paying an extra 40K on that additional 100K from 180 to 280- that's probably right....
Are the slides for this presentation still available? I tired going to the link Greg mentions and it’s no longer there.
11:19