Tax work is like Chess, not Checkers.

Both games are played on the same board of 64 squares.

But in Checkers all the pieces are identical and can only be moved diagonally.

Any child can learn Checkers in a very short time. 


By way of contrast, there are six different Chess pieces with each having different 
rules associated with its movement, giving rise to a need for strategy.  Unless you 
can think at least three moves ahead, it’s hard to win at Chess, even against a novice 
opponent.

 

You probably immediately grasp the analogy to taxes, finances, and business.

Tax Brackets & Rates

Rate Single filers Married filing
jointly or qualifying
widow(er)
Married filing
separately
Head of
household
10% Up to $8,375 Up to $16,750 Up to $8,375 Up to $11,950
15% $8,376 - $34,000 $16,751 - $68,000 $8,376 - $34,000 $11,951 - $45,550
25% $34,001 - $82,400 $68,001 - $137,300 $34,001 - $68,650 $45,551 - $117,650
28% $82,401 - $171,850 $137,301 - $209,250 $68,651 - $104,625 $117,651 - $190,550
33% $171,851 - $373,650 $209,251 - $373,650 $104,626 - $186,825 $190,551 - $373,650
35% $373,651 or more $373,651 or more $186,826 or more $373,651 or more

Social Security Retirement Benefits

The earliest age at which you can begin receiving your Social Security retirement benefits is 62.

You can apply for your benefits 3 months before you turn 62 if you want your payments to start at that age. "Yes", whether you can apply for benefits now depends on when you want your benefits to start.

 

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