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Message
re: Feeling broke on a $665K salary
Posted on 1/21/24 at 2:19 pm to Corinthians420
Posted on 1/21/24 at 2:19 pm to Corinthians420
quote:
nope.
you have a lot to learn young Padawan
Feel free to educate.
1
Posted on 1/21/24 at 2:21 pm to Puffoluffagus
as long as you can record a huge financial loss somewhere in your tax history, you can put your yearly taxes owed towards filling that hole.
so while you are being taxed at 50% and "pay 200k", the transaction only happens on paper towards the loss you previously incurred
so while you are being taxed at 50% and "pay 200k", the transaction only happens on paper towards the loss you previously incurred
This post was edited on 1/21/24 at 2:23 pm
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