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western iowa | It depends on your situation. People that defer income every year to pay essentially no taxes are a bit short sighted. My CPA encourages at least using up the bottom bracket minimum. Deferring is ok to manage your tax burden. 5% on a CD per year won’t nearly offset paying 30-50% in tax. If next year isn’t as good for income maybe you can pay the tax then on some of it. It’s a good problem to have. | |
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If you have 250k of cash
