I like complicated things. Building Eisen https://xitter.cf/t.co/Vd3OxVjUcK. Prev @coinbase.
Brooklyn, NY
Joined August 2011
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7/ @AlexH_Johnson wrote a great piece about this a few weeks ago that I’d be remiss not to share:
workweek.com/2023/10/13/fint…
8/ And @regulatorynerd shared how regulators always ask, even if you don’t have property in scope yet:
xitter.cf/regulatorynerd/status/…
Congrats @jerzzhang! So exciting to see the progress!
🚀Hey everyone, we are excited to announce our Series A!
@tryfinch is on a mission to build the future of connected and programmable employment.
🧵thread below.
blog.tryfinch.com/finch-seri…
Retirement Accounts
They supercharge retirement savings.
We know we're supposed to have one, but what should we do?
Today, we deep-dive:
• What they are
• How they help us
• How we make the most of them
Let's talk 401(k)
wealthjoy.co/p/early-retirem…
Kiddie Tax
Ever hear of Income Shifting?
Congress put the Kiddie Tax in place to try to block taxpayers from doing it.
Income Shifting is still one of the most popular tax-saving strategies.
Never heard of it? Time to learn
wealthjoy.co/p/kiddie-tax
Net Investment Income Tax
The 3.8% "extra" tax on investment income for high-earners.
It hits Robinhood trades, Coinbase crypto sales, some Airbnb host income, and more.
It might not break the bank, but it sure adds up.
Everything you need to know👇
wealthjoy.co/p/net-investmen…
Capital Gains Tax
Trading stocks, crypto, or NFTs?
When we make good investment decisions, Uncle Sam wants his share.
Come learn everything you need to know about capital gains 💡
wealthjoy.co/p/capital-gains…
excited to be chatting
about the future of tax
with @AllenOsgood @seema_amble @FirasTheBoss @GavinNachbar
tomorrow 530p on @Clubhouse
clubhouse.com/event/Pra3q65G
Additional Medicare Tax
This is the easiest one yet! It's a 0.9% tax on wage or self-employment income above $200k.
It's just a "little bit extra" on top of the original Medicare Tax.
Check out the details and subscribe for more breakdowns like this!👇
wealthjoy.co/p/additional-me…
Payroll Tax 💸
Ever wonder where "the rest" of our paycheck goes every payday?
This is where.
Learn how the Payroll Tax works, and how we might be able to pay less:
wealthjoy.co/p/payroll-tax
Alternative Minimum Tax
Most people haven't heard of it, but they'll still owe it.
If you're working at a startup & earning equity, you have to know about AMT.
AMT kicks in the minute you exercise your ISOs.
Read this before you exercise your options👇
wealthjoy.co/p/alternative-m…
Ordinary Income Tax - Explained
This one tax costs you 20%+ of your income. Had a good year? It might cost you 37%. Uncle Sam says thanks!
The more money we make, the more income tax we have to pay. Why?
Take 10 minutes right now to find out.
Come learn 👇
We've covered how to:
1. Find our Filing Status
2. Get our Total Income
3. Find our Taxable Income
That's as much as I can fit into a Twitter thread, but don't stop now!
We only have 3 steps left!
4. Calculate our Tax Liability
5. Subtract any Credits
6. Get our Tax Due
For the last 3 steps, detailed examples, and more of my beautiful illustrations from Google Slides...
Read the full post below 👇
wealthjoy.co/p/ordinary-inco…