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Seems appropriate today... (yall.theatl.social)

submitted 6 months ago by Nusm@yall.theatl.social to c/funny@sh.itjust.works

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[-] ZombiFrancis@sh.itjust.works 2 points 6 months ago

Thanks for the casual assumption brokerage accounts enter into the picture.

No savings for interest, all income goes to debts and expenses.

But I am doing relatively great almost entirely because my housing costs are comparatively low and locked in for 27 more years.

[-] sugar_in_your_tea@sh.itjust.works 2 points 6 months ago* (last edited 6 months ago)

That's fair. My point though is that with higher IRS funding, poorer people are probably going to get audited more, and if you're only using your W-2, you're probably missing something and could get caught with an audit.

Other things that could factor in:

bank account bonuses - i.e. that $100 to sign up for an account or whatever (usually doesn't include credit card rewards, but that can also depend)
gambling wins
interest on inheritance money, if any

this post was submitted on 15 Apr 2024

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