Originally Posted by GoodJet

Hire a profesional to help you with your taxes. They'll at least be able to accurately describe what a marginal tax rate is and strategies for mitigating paying taxes. 10/10 I don't regret hiring a tax profesional since I started working at a major airline, starting two businesses and renting a property. I'm already seeing rumors of over 150 in retro payouts for SWA captains. Congrats! If accurate, you're 100K over every captain at my shop for retro in this contract cycle. Hourly that's quite impressive. You'd also be liable for over 45K of taxes just on the retro. Do you think not paying for a profesional will work out for you?

Also do you really want me to repeat the classic saying about financial advice and pilots?