Personal Development for Smart People Forums - View Single Post - The Dark Side of Financial Abundance (Blog)

Steve Pavlina · 01-19-2007, 12:37 AM

Do the math. Suppose you earn $400K net. See what happens to your total tax when you leave even $50K of it in the business. Better to have some income taxed at the lower corporate brackets that pouring more into the 35% personal tax bracket.

01-19-2007, 12:37 AM	#15 (permalink)
Steve Pavlina Administrator Join Date: Oct 2006 Location: Las Vegas, NV Posts: 3,874	Do the math. Suppose you earn $400K net. See what happens to your total tax when you leave even $50K of it in the business. Better to have some income taxed at the lower corporate brackets that pouring more into the 35% personal tax bracket. __________________ Steve Pavlina www.StevePavlina.com (Twitter page, Facebook page) Get my book Personal Development for Smart People I'm a human alarm clock. I awaken people who are sleeping through life. Then I duck.