LOL!
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jun 25, 2005
- Messages
- 10,252
We don't know our total income until late in December because my wife is working and her bonus could be 5 to 10% of her salary ... well except for this year when it was 15% of salary. I had done a partial conversion a couple weeks ago anticipating the need for a "top up", but instead the higher bonus blew a hole right into some tax credits and other things we use to pay less taxes.
Since undoing a conversion is no longer allowed, we had to donate more than her bonus to charity this year to avoid paying the stupid tax.
Since undoing a conversion is no longer allowed, we had to donate more than her bonus to charity this year to avoid paying the stupid tax.