I am passionate about helping people get all they want out of life. One of the obstacles I find most often is we don’t understand enough about our own money. So since this is tax season and the beginning of a new year, I am going to try to help people understand a step by step process to get your money to work for you.
The first thing we need to understand is what is being taken out of our paycheck. 40% of our income is paid in taxes. The federal government gets and average of 15%, the state takes about 8%, social security is about 10% and FICA averages about 7%. That means we work to pay taxes January through April.
Interested in learning more? Write your questions on my blog and I will answer them here.