You have to know youre margeinal tax rate, and then see if taking it down by $2.5K will take you down to the lower margeinal rate, but even if it does not, you will still pay tax on $2500 less income, and if you are in NYC and you have any meaneingful income, that should translate into at least a cash flow saveings of about $10K, or 40% after Fed, State and NYC taxes are considered.
I was NOT the #1 person in Corporete Tax for NOTHING! and I Dated Fooey man Alan, a CPA. As he used to say, go for it, woman, you have the POWER!!!!!!
Read more: http://corporette.com/2011/12/26/another-10-sales-to-check-out/#ixzz1qAbkmWAO
No comments:
Post a Comment