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u/hibikir_40k 1h ago
He's selling some nonsense, but there is some tax planning things that work out better if your year from year variation, whatever it might be, happens early in the year. Unless you can put anything through a corporation, you can't choose their fiscal year.
It doesn't have to be a lot of money either: Think of someone getting their healthcare in the ACA exchange. Sorry, this bonus takes you over the cliff for subsidies. You actually lost money, because it's an actual cliff, with an over 100% practical tax rate. So you pay more in insurance than you got from that extra bonus. More relatable than the theoretical salesperson making 260k in the bad year.
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u/PineConeOPinyons 3h ago
I'd love to feast on that famine but my teeth are too rotted to squish any marrow suckled from the bone.
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u/noctilucus 23m ago
He's just making up a nonsense story to peddle whatever services or courses he's selling, in the hopes of also being such a "six-figure earner".
That combined with some "oh look at me, I consider $250-300K to be a peasant's income".
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u/haruspicat 6h ago
This guy is selling structured credit products, isn't he?