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Yond Cassius posted:There are a few edge cases where you can, in fact, be screwed by making more money, and if you're working in a university I wouldn't be surprised if someone (or someone's parents) has/have been. Usually they involve the cutoffs for large tax deductions or credits, and a lot of those have to do with tuition. Right around $52,000 and $80,000 there are a couple booby-traps where making an extra $1 can cost you, depending on your exact tax situation, and there's one at $80,000 where that buck that can cost you $1000 or more. In those situations you can pretty much always just sock another few $$$s into your 401k to avoid it though, right?
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Jul 13, 2013 17:17
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Trilineatus posted:I think you start getting into "bad with money" territory when you buy houses with what are basically ill used in-law units for guests that don't generate rental income. My step family does this; the matriarch of the whole clan owns an enormous house with three bedrooms in the main house and an attached two bedroom in-law apartment that she lets family members crash in. I think part of it is that they just don't build many small houses in nice areas, at least in my city.
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Nov 7, 2013 03:21
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