Post by NOTTHOR on May 9, 2008 12:03:15 GMT -6
Holy eff - the Firm's policy of deferring bonus checks until after Jan. 1 combined with me and Ma maxing our 401ks last year paid off. Shortly after posting my rant on another thread, I checked my bank account again to see if my transfer to E-Trade was recorded, and I'll be damned if I didn't see a little gift from Unkie Samuel. 'Twasn't the full amount, but now that I'm not rich, I think we need to stick it to fat cats like autolykos.
Moral of the story - take every damned opportunity your employer gives you to reduce your taxable income (other than paycuts) such as transportation allowances, max out your 401k, toss as much into your FSA as you need, etc. Ma only gets paid about $600 a month take home from her $40k a year job, but those reductions in current TI got us a small nugget of love from the gubmint.
Moral of the story - take every damned opportunity your employer gives you to reduce your taxable income (other than paycuts) such as transportation allowances, max out your 401k, toss as much into your FSA as you need, etc. Ma only gets paid about $600 a month take home from her $40k a year job, but those reductions in current TI got us a small nugget of love from the gubmint.
