How to Calculate Taxes in Retirement (Part 1)

How does $10,000 more income lead to $18,500 more in TAXABLE income? Welcome to the tax code, my friends.

Only under our current tax code would an extra $10k increase your taxable income by $18,500. But, yet, there it is. Reality.

Democrats and Republicans have both sat there and have done nothing to fix this absolute travesty of the tax code which explicitly hurts lower income taxpayers the most.

Don’t believe me? Just watch the video. I walk you through STEP BY STEP how this happens.

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