
346 | How Do I Figure Out the Taxes on This?
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Pre Tax Versus Post Tax
Millionaire educator's effective tax rate is four point two eight % on a 70 thousand dollar income. This is the money you've got left over from savings, ok? And jonathan, as he so aptly describe, you have been taxed on that money, right? U, when it was your income, right? In the year that you earned it, you were taxed. But that's now different. That's fundamentally different than taking a look at how these other vehicles were effecting your income tax bracket.
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