The Magic Number

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The Magic Number Tube. Duration : 2.65 Mins.

We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from published here Irs Tax Tables . www.TaxMama.com Today TaxMama hears from Bill in the TaxQuips Forum, who is carrying a heavy load. "My wife and I pay almost 0k per year in Federal taxes and another almost k in state income taxes with most of it coming from W2 earnings. I'm really tired of paying this much money to those in government who just don't seem to know what they are doing. It feels as though my money is being completely wasted. I would much rather give this money to those in need who can really use it, but I have never been able to get to what I call the 'magic number' where taxes are offset by contribution deductions. I don't really understand all of the rules like AGI limits, and 50% or 30% limitations. I also get hit with alternative minimum tax, which is a whole other issue. I would love to see a table that shows how to give more away and pay less." Read the Reply www.TaxMama.com Imaqe credit: www.flickr.com

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