I used a few online calculators to compare. Right now, I'm putting in 5% of my gross income into my 401k. Naturally, the New York government taxes the shit out of me, so I'm wondering, if I put 40% of my income to my 401k, wouldn't that lower my tax rate thus increasing my paycheck? According to an online calculator, my income would actually go from $41k after taxes to $45k. This seems too good to be true so I just wanted some advice. Thank you!
Submitted August 14, 2018 at 11:08AM by voiceofpersonality https://ift.tt/2MK2EHs
