freemotion
Food Guru
OK, who is good at accounting type stuff and can give me some real math?
My way of thinking is this: If I save money (I don't mean savings account-type saving, I mean buying something for less or making my own-type savings), then I don't have to earn it first and pay taxes on it, so the savings are far more than they appear to be.
For example, being self-employed, I pay a bit more to Uncle Sam then when I was an employee. So in order to have $100 to spend, I have to earn......maybe?......$135. So if I save $100 on hay by cutting some of my own, I have really saved $135, and potentially lowered my tax bracket.
Make sense? Anything I'm missing here? Any reasoning to get the savings even higher?
My way of thinking is this: If I save money (I don't mean savings account-type saving, I mean buying something for less or making my own-type savings), then I don't have to earn it first and pay taxes on it, so the savings are far more than they appear to be.
For example, being self-employed, I pay a bit more to Uncle Sam then when I was an employee. So in order to have $100 to spend, I have to earn......maybe?......$135. So if I save $100 on hay by cutting some of my own, I have really saved $135, and potentially lowered my tax bracket.
Make sense? Anything I'm missing here? Any reasoning to get the savings even higher?