Comments on: Are You Taxed by Your Taxes? http://moneysmartlife.com/are-you-taxed-by-your-taxes/ Money Tips for a Better Life Sat, 21 Nov 2009 07:43:50 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Link Love For Final Week of December 07 » Earn Money Internet http://moneysmartlife.com/are-you-taxed-by-your-taxes/comment-page-1/#comment-87868 Link Love For Final Week of December 07 » Earn Money Internet Sun, 13 Jul 2008 14:11:10 +0000 http://moneysmartlife.com/are-you-taxed-by-your-taxes/#comment-87868 [...] Money Smart Life offers tips on how to manage your taxes. [...] [...] Money Smart Life offers tips on how to manage your taxes. [...]

]]> By: Msminiducky http://moneysmartlife.com/are-you-taxed-by-your-taxes/comment-page-1/#comment-41559 Msminiducky Sat, 29 Dec 2007 23:17:44 +0000 http://moneysmartlife.com/are-you-taxed-by-your-taxes/#comment-41559 I have a few methods to cope with taxes: 1. Contribute as heavily as I can spare to pre-tax accounts like 403(b), 401(k), and FSA to reduce taxable income. 2. Have my train tickets taken out of my paycheck automatically because up to $1200 is taken from pre-tax monies. 3. Automatically take out 25-30% of all untaxed income and set it in a savings account specifically to pay taxes with later. I have some friends who elect to have zero deductions PLUS a percentage of taxes taken out of their paychecks, as well. I have a few methods to cope with taxes:
1. Contribute as heavily as I can spare to pre-tax accounts like 403(b), 401(k), and FSA to reduce taxable income.
2. Have my train tickets taken out of my paycheck automatically because up to $1200 is taken from pre-tax monies.
3. Automatically take out 25-30% of all untaxed income and set it in a savings account specifically to pay taxes with later.

I have some friends who elect to have zero deductions PLUS a percentage of taxes taken out of their paychecks, as well.

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