taxes

How Tax Brackets Work (in 3 Easy Charts)

How Tax Brackets Work (in 3 Easy Charts)

Three things are certain in life: death, taxes, and a weekly article from The Best Interest. Today’s article addresses two of the three (I’ll let you guess). We’re going to talk about: The most common mistake in understanding taxes Our current Federal tax brackets How taxes brackets work A common myth about getting a raise…

Calculate Your FI Number With State and Federal Taxes (It’s More Than You Think)

Calculate Your FI Number With State and Federal Taxes (It’s More Than You Think)

In order to reach financial independence, one of the fundamental ideas is that you need to save up and invest at least 25x your yearly spending. If you spend about $40,000 a year, you’ll need at least $1,000,000 to be set for life. While there are no sure things, this is a good baseline. It’s…