Message Font: Serif | Sans-Serif
No. of Recommendations: 1
When I was 'laid off' (volunteered for it), I got 51 weeks of pay the last paycheck of the year. That doubled my income for the year. well, almost. I had some investment income.

The next quarter, I had to sell my stock options. no choice. Another LARGE chunk of income that year. But that was before I was 65, but within six weeks, I wound up paying over $180,000 in income taxes taken out of my checks. All 'regular' income.


Since then, I've been very miserly with my contributions to Uncle Sam. More than 50% of my income other than SS is dividends......

Overall, tax rate less than 15% on income.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.