Hey Rich Girls, Kirby here - and I have a question for you today: are you scared to move up a tax bracket? We’re going to be breaking down common misconceptions about moving up a tax bracket and why you should NOT be scared to make more money. Let’s get into it.
**please note this is not investment advice, just my opinion & should be used for entertainment purposes only**
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ARTICLES MENTIONED:
2024 Tax Rates: https://www.irs.gov/filing/federal-income-tax-rates-and-brackets
Social Security and Medicare Tax Rates: https://www.irs.gov/taxtopics/tc751#:~:text=The%20current%20tax%20rate%20for,Tax%20Guide%20for%20more%20information.
2024 Standard Deduction: https://www.irs.gov/publications/p505#:~:text=For%202024%2C%20the%20standard%20deduction,Head%20of%20Household%E2%80%94%2421%2C900.
Average Healthcare Costs: https://www.kff.org/report-section/ehbs-2023-summary-of-findings/
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