Laura Saunders

speaker

5,937 appearances 109 recordings 1 series first heard Jul 2017 last heard Nov 2024

Laura Saunders’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

newest first · ▶ plays the moment

But there are a lot of people who are retiring, a lot of boomers who could use that option.

You can do it on the last day of 2025 if you feel like it.

But the earlier you do it, the more time the money will have to grow.

And if you could catch a market dip, then the taxes on what you put in won't be as high and there's more time to recover.

All right, here we go.

Well, the first thing people say is, I can't believe how much they take out.

Well, you see your name, your address.

You see hours, earnings, things like that.

And then you see all the subtractions from your earnings.

You see things for taxes, things for benefits, all kinds of stuff.

Depends on how much money you make.

Someone who earns a lot will have more taken out than someone who earns less.

We have a progressive income tax system, and it has brackets of like 10%, 12%, 22, 24, all the way up to 37.

Now, if you're in the 37% tax bracket, it means you make hundreds of thousands of dollars, but you don't pay 37% on all of that money.

You pay some at the 10% rate, some at the 12% rate, and then as it goes up, you pay more and more.

If someone is a young worker, an early worker, and they're making less money,

Their top bracket might be 12% or 22%.

States all have different tax regimes.

Now, some states have no income tax at all.

Texas, Washington State, Alaska, Wyoming, Florida, they don't have an income tax.

Showing 141–160 of 5,937 · page 8 of 297