In BobTheTaxMan 

Ordinary income…I want to show where it’s important for you to understand how it’s calculated.  We have our IQD…it’s taxed on a percentage that’s based on your marital status or filing status and certain allowable deductions.  Under the Biden Administration they want to change it.  It’ll go up from 39.5% if you make over 400K.  That’s the big thing they want to make a change to. [Dinar Detectives Notice: All posts are for informational/entertainment purposes only and are the opinions of the providers. They are not legal, tax or investment advice. We strongly encourage everyone to do their own due diligence and seek professional tax, legal, and investment advice.]

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