"Never mind...I'll ask my accountant."That's the problem with lots of folks these days. They don't look at how they are getting socked by taxes, what taxes do to them. If everyone had no taxes deducted from their paychecks, and at the end of the year had to write a check to Uncle Sam....one for income tax, say for $25,000 or more....one for SS..maybe $6600 a year...one for Medicare.....equal to say $2300 a year......for a total tax bill of over $30,000 per year....they'd realize how badly they are getting gouged by the welfare weenies.And of course, in CA, another $10,000 check to the state of California. Instead, all the money is never seen by them in their 'paycheck'...and when the tax forms come, they send them all off their 'accountant' to handle (for which they pay even more)......and the accountant likely has really little interest in 'minimizing taxes'....other than claiming all the legal deductions each year. Too many people run on auto pilot.....and for someone pushing 'life insurance' in retirement, and formerly pushing all sorts of mortgage loans that likely self destructed for half the people getting them in the next decade.... it's a bit concerting when you don't understand the 'standard deduction' and 'itemized deductions'. Just saying....t.
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