Originally Posted by
dragon
PG, After sending my Uncle Sam a check this week, I want to do whatever I can to shelter my $$. If we can get a small bump in pay but get maxed out on the 415 limits, that's a good thing.
Hide the money from the taxman now but show it to him later when we are in a presumably lower tax bracket
!
Of course, I could be over simplifying YMMV.
There will be no tax brackets in the future - the government will just take it all, and in an act of great benevolence will "issue" everyone a living allowance.
Scoop