How much money do you need to make to spend

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#19

08-26-2025, 07:18 PM

ValKehl

Val Kehl

Member

Join Date: May 2009

Location: Manassas, VA (DC suburb)

Posts: 4,060

Quote:

Originally Posted by raulus

It�s a nice guideline, until your average tax rate is 55% like mine.

Nicolo, I don't comprehend how your or anyone's "average" tax rate can be 55%. The highest incremental federal income tax rate is 37%. Even with adding the highest incremental state income tax rate, one is at less than 50%. One's average tax rate is going to be less than the highest incremental tax rate.

__________________
Seeking very scarce/rare cards for my Sam Rice master collection, e.g., E210 York Caramel Type 2 (upgrade), 1931 W502, W504 (upgrade), W572 sepia, W573, 1922 Haffner's Bread, 1922 Keating Candy, 1922 Witmor Candy Type 2 (vertical back), 1926 Sports Co. of Am. with ad & blank backs. Also 1917 Merchants Bakery & Weil Baking cards of WaJo. Also E222 A.W.H. Caramel cards of Revelle & Ryan.

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