Do not include “tax Do not include “tax benefits”, unexpected housing expenses, utilities, etc.
no_such_reality
June 18, 2012 @
8:40 PM
A raw dollar figure is
A raw dollar figure is meaningless.
A percentage of AGI isn’t.
One person’s $1500 is 50% of their AGI, while another $5000 is 10% of theirs.
Coronita
June 18, 2012 @
8:47 PM
no_such_reality wrote:A raw [quote=no_such_reality]A raw dollar figure is meaningless.
A percentage of AGI isn’t.
One person’s $1500 is 50% of their AGI, while another $5000 is 10% of theirs.[/quote]
oh, come on and humor me… I just feel like being nosey.
an
June 18, 2012 @
9:32 PM
no_such_reality wrote:A raw [quote=no_such_reality]A raw dollar figure is meaningless.
A percentage of AGI isn’t.
One person’s $1500 is 50% of their AGI, while another $5000 is 10% of theirs.[/quote]A percentage of AGI is just as meaningless. Unless everyone is a W2 worker bee without any deduction. Depending on your circumstances, you can potentially write off a lot of your GI, so that your AGI would be quite low. Now, if you say a % of total income (including dividends), then that would give you a clearer picture.
UCGal
June 19, 2012 @
5:55 AM
I marked what I actually I marked what I actually pay…. but I’m making extra principal payments so that I can be in the first category (just taxes/insurance) in 2 years.
ocrenter
June 19, 2012 @
6:12 AM
Thanks to serial refi over Thanks to serial refi over the last 3 years, we are seeing drop of $1k in mortgage monthly.
June 18, 2012 @ 7:29 PM
Do not include “tax
Do not include “tax benefits”, unexpected housing expenses, utilities, etc.
June 18, 2012 @ 8:40 PM
A raw dollar figure is
A raw dollar figure is meaningless.
A percentage of AGI isn’t.
One person’s $1500 is 50% of their AGI, while another $5000 is 10% of theirs.
June 18, 2012 @ 8:47 PM
no_such_reality wrote:A raw
[quote=no_such_reality]A raw dollar figure is meaningless.
A percentage of AGI isn’t.
One person’s $1500 is 50% of their AGI, while another $5000 is 10% of theirs.[/quote]
oh, come on and humor me… I just feel like being nosey.
June 18, 2012 @ 9:32 PM
no_such_reality wrote:A raw
[quote=no_such_reality]A raw dollar figure is meaningless.
A percentage of AGI isn’t.
One person’s $1500 is 50% of their AGI, while another $5000 is 10% of theirs.[/quote]A percentage of AGI is just as meaningless. Unless everyone is a W2 worker bee without any deduction. Depending on your circumstances, you can potentially write off a lot of your GI, so that your AGI would be quite low. Now, if you say a % of total income (including dividends), then that would give you a clearer picture.
June 19, 2012 @ 5:55 AM
I marked what I actually
I marked what I actually pay…. but I’m making extra principal payments so that I can be in the first category (just taxes/insurance) in 2 years.
June 19, 2012 @ 6:12 AM
Thanks to serial refi over
Thanks to serial refi over the last 3 years, we are seeing drop of $1k in mortgage monthly.
Life is good!