Yup. IIRC a former roommate of mine has a plan on how to get every deduction und... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

malandrew on Jan 19, 2013 | parent | context | favorite | on: How much salary is enough? Apparently, $75,000/yea...

Yup. IIRC a former roommate of mine has a plan on how to get every deduction under the sun to the maximum amount and it is actually possible to pay no taxes on like $100k, but it requires putting something like $40k towards savings each year.

pwthornton on Jan 19, 2013 [–]

Yes, and there are deductions for charity and this and that. And some of these deductions start to phase out with the more money you make.

The point is that you can't take two people's incomes and assume you know what their tax bills will be.

Consider applying for YC's Fall 2026 batch! Applications are open till July 27.
Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact