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For those of us that have made the Military a career, is it safe to say '...stop being ungrateful...' to those Soldiers that can't manage their money and complain that the Congress has eliminated Child Tax Credits and E.I.T.C. Tax Credits.
I think it's fair to say most of us career military pax only get taxed on like 65-70% of our net income, receive free (for now) healthcare, and fall somewhere between the 5% and -5% tax bracket after we file.
There's always two sides to the coin.
Learn to manage your finances gents!
I think it's fair to say most of us career military pax only get taxed on like 65-70% of our net income, receive free (for now) healthcare, and fall somewhere between the 5% and -5% tax bracket after we file.
There's always two sides to the coin.
Learn to manage your finances gents!
Money
Taxes
Posted 10 y ago
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Amen to that, SFC (Join to see). And I learned that 60-70% part the hard way the first year after I retired. I didn't take that into account when I planned for taxes that first post-active duty year, and I wound up owing the IRS over $8,000. Enjoy that tax free money (BHA, for example) while it's flowing.
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SFC (Join to see)
Thanks for the heads up.
I have no idea how I am going to handle the transition in 10-15 years from now, but I can assure you I will handle my finances accordingly and not beg for government handouts. (I'll take all given tho)
No other profession offers uneducated 18 y/o kids the opportunity to learn, decent pay and Benifits, and career growth like the military.
Not to mention, those deployments!!!
I have no idea how I am going to handle the transition in 10-15 years from now, but I can assure you I will handle my finances accordingly and not beg for government handouts. (I'll take all given tho)
No other profession offers uneducated 18 y/o kids the opportunity to learn, decent pay and Benifits, and career growth like the military.
Not to mention, those deployments!!!
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CW5 (Join to see)
I, too, started out as an inexperienced young troop, SFC (Join to see), and I finished my active duty career as a 48-year-old guy who was much more experienced, better educated, undoubtedly a much better person for those 30 years of experience.
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