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The Water Cooler
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Tax question
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<blockquote data-quote="tRidiot" data-source="post: 3510855" data-attributes="member: 9374"><p>Sounds like about 30-35% taxes - which sounds about right? I'm assuming you guys are over the $100k mark in income usually, and with a 9-10 months of salary and then a $68,000 lump sum, yeah, taxes gonna suck.</p><p></p><p>I feel for you, I know what it's like to get stuck in a situation like that. I at one point was $80k in the hole to the IRS, learned my lesson on that one and it ain't gonna happen again.</p><p></p><p>I'll pray for your family, but definitely talk to a tax pro. You can put those payments off, but it is gonna complicate things for quite a while for you.</p></blockquote><p></p>
[QUOTE="tRidiot, post: 3510855, member: 9374"] Sounds like about 30-35% taxes - which sounds about right? I'm assuming you guys are over the $100k mark in income usually, and with a 9-10 months of salary and then a $68,000 lump sum, yeah, taxes gonna suck. I feel for you, I know what it's like to get stuck in a situation like that. I at one point was $80k in the hole to the IRS, learned my lesson on that one and it ain't gonna happen again. I'll pray for your family, but definitely talk to a tax pro. You can put those payments off, but it is gonna complicate things for quite a while for you. [/QUOTE]
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