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There are 2 things which people are very financially illiterate about these days. Stock Options, and how income taxes work. You've covered the former, with th
by moonka 10y ago
There are 2 things which people are very financially illiterate about these days. Stock Options, and how income taxes work. You've covered the former, with the later I've seen confusion with how progressive tax brackets work, how deductions work, etc. All you can do is to make sure you understand it, and be careful of the advice you get from others.
- tom_b 10y agoI was taken aback when I realized just how few people understand the United States progressive tax system and how income tax brackets work. That misunderstanding is so pervasive (in my experience) that I can't even imagine people having a general understanding of how deductions work at all.