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Subject:  Re: Roth IRA's (cont.) Date:  2/1/1998  11:37 AM
Author:  TMFPixy Number:  1561 of 88816


<<...even if you "fall" into the next tax bracket. some people spend entirely too much time trying to get into a lower tax bracket because they think that they pay 28% or 31% on *ALL* their income. lots of mis-information. ... Saying that someone pays 36% in tax because they make 200k a year is just plan wrong, they pay much closer to 30% in federal income tax. that 6% difference is *alot* of money ($11,229.50)... ;) >>

I agree. Far too much time is spent trying to avoid taxes. True the incremental dollar will be taxed at a marginal rate, but the effective rate won't move up all that much and the net income still increases. I'll avoid taxes where and when I can, but when I can increase my net income, I fully intend to do so.


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