If I post $150K taxable, it would not include my IRA investment. If it were $10k & I did not put it in, my table income would be $160K.<quoted text>
Um stupid you don't pay 28% on the entire 150k. You pay 15% on that 70k even if you make a billion dollars. Wheres the tax break?
My God your a dumbf*uck.
If I made $150K taxable without my IRA & deposited $10K in my IRA, 4K would have been taxed at 28% & $6K at 25%.
Both raters are higher than the 5% rate I would pay when retired (in my example).
So again, you are a dumbf*ck.
Don't you ever get tired of me kicking your dumbf*ck ass every day..