5 kids; $169,817 income; $0 taxes

I was doing some thinking today (a dangerous activity). I was marveling at the amount of income that can be realized tax-free, a-la Go-Curry-Cracker. It is well known that investments (long term capital gains (LTCG) + dividends) are taxed preferentially: https://www.nerdwallet.com/blog/taxes/capital-gains-tax-rates/ So let’s go through a few scenarios here given 2019 tax parameters after accounting … Read more

Financial Update – Nov 2019

Another month, another update. A few random comments. Good Reads/Listens/Watches WSJ opinion piece on the state of income inequality in the U.S. (link). The authors claim that, on an after-tax-and-transfer basis, the five quintiles of income earn a net of $50k, $55k, $65k, $80k, and $190k. While the ratio of gross incomes of the top … Read more

2019 Tax Calculator

I’ve been dragging my feet on the release of my 2019 tax calculator for a while now. I think I updated it several months ago but I wanted to wait until TurboTax & TaxAct updated their tools so I could validate my spreadsheet against theirs. As of today, however, neither site has been updated for … Read more

Financial Update – Oct 2019

Another month, another update. A few random comments. Good Reads/Listens/Watches The Biggest Little Farm (link). Our friends saw this indie film at a local theater and highly recommended it to us. It documents the journey of a couple as they embark on an ambitious plan to change careers to become farmers. In the process, they … Read more

Financial Update – Sep 2019

Another month, another update. A few random comments. Good Reads/Listens/Watches One of the more well-written and inspiring things I’ve read on the internet in a while from the Dangerz (the former van dwellers turned perpetual sailors). To see the text of their instagram post, you’ll have to scroll to the top of the comments (link). … Read more