Thread: Upgrade times
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Old 05-10-2021 | 12:23 PM
  #188  
PropPiedmont
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Joined: Feb 2007
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Originally Posted by LUVisLost

Only reason it’s gets placed into the account is because the senior guys are in higher tax brackets and want to defer for as long as possible.
If you are talking about profit sharing, the high earners can’t defer their profit sharing. They get it all in cash each year. I haven’t had any money deposited into my profit sharing account for the last 5 years. And it gets taxed huge when it pays in March.
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