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If you have 250k of cash
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vulcan900
Posted 8/25/2023 19:31 (#10375844 - in reply to #10374546)
Subject: RE: If you have 250k of cash


I think a lot depends on what tax bracket it would be in. If you are in the lower brackets I would pay the tax. If it will put you in the 32 or 35% bracket with another 5% state tax you could be paying $100,000 of tax on that. I think it is time to figure out the taxes would be and then make a decision. It is good to pay some tax but I don't think it is smart to pay 50% tax on something that could be deferred.
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