this post was submitted on 15 Apr 2024
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Thanks for the casual assumption brokerage accounts enter into the picture.
No savings for interest, all income goes to debts and expenses.
But I am doing relatively great almost entirely because my housing costs are comparatively low and locked in for 27 more years.
That's fair. My point though is that with higher IRS funding, poorer people are probably going to get audited more, and if you're only using your W-2, you're probably missing something and could get caught with an audit.
Other things that could factor in: