re: “I’ll probably put my $1200 stimulus check in saving”

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“I’ll probably put my $1200 stimulus check in saving”
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with a couple kids... not really


If someone is making $130k pretax and puts 5% into 401k and has about $300/mo in health insurance premiums. They’ll pay about $10,500 in federal income taxes after the $4,000 child tax credit.

That’s about 10% of their take home.

And yeah. $10.5k isn’t a lot. But neither is the guy paying $45k when compared to what Mark Cuban pays in Income taxes.

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