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Where you're at today
We’ll start with the easy stuff. Let’s take a look at where you’re at today.
1. Who are you doing this doc for? Yourself
Yourself
Fill out the rest of this document with your own information. For simplicity, we assume that you file taxes as a single individual.
2. How young are you? 0044
00
44Yes, that's right - you're young!
3. How much 💵 do you roughly have?
These should all be in $ USD. Don't worry, literally no one on this planet has access to the numbers you put in here, including me.
0000000
9100000000000
8200000000000
5500004. How much 💵 do you earn per year today? 000000230000
000000
230000This is also in $ USD, and represents your total pre-tax annual income that comes from salary, RSUs, side projects, real estate, etc.
$55,044.25
35%
23.93%
Single Tax Schedule
Labels
If taxable income is over
but not over
Range
then the tax is:
Given
Pctg of amount over
Value of % of amount over
Total
1
A
$0.00
$9,950.00
$9,950.00
10% of the amount over $0
$0.00
10%
$0.00
$0.00
2
B
$9,950.00
$40,525.00
$30,575.00
$995 plus 12% of the amount over $9,950
$995.00
12%
$0.00
$0.00
3
C
$40,525.00
$86,375.00
$45,850.00
$4,664 plus 22% of the amount over $40,525
$4,664.00
22%
$0.00
$0.00
4
D
$86,375.00
$164,925.00
$78,550.00
$14,751 plus 24% of the amount over $86,375
$14,751.00
24%
$0.00
$0.00
5
E
$164,925.00
$209,425.00
$44,500.00
$33,603 plus 32% of the amount over $164,925
$33,603.00
32%
$0.00
$0.00
6
F
$209,425.00
$523,600.00
$314,175.00
$47,843 plus 35% of the amount over $209,425
$47,843.00
35%
$7,201.25
$55,044.25
7
G
$523,600.00
$50,000,000.00
$49,476,400.00
$157,804.25 plus 37% of the amount over $523,600
$157,804.25
37%
$0.00
$0.00
There are no rows in this table
Married Tax Schedule
Labels
If taxable income is over
but not over
Range
then the tax is:
Given
Pctg of amount over
Value of % of amount over
Total
1
A
$0.00
$19,900.00
$19,900.00
10% of the amount over $0
$0.00
10%
$0.00
$0.00
2
B
$19,900.00
$81,050.00
$61,150.00
$1,990 plus 12% of the amount over $19,900
$1,990.00
12%
$0.00
$0.00
3
C
$81,050.00
$172,750.00
$91,700.00
$9,328 plus 22% of the amount over $81,050
$9,328.00
22%
$0.00
$0.00
4
D
$172,750.00
$329,850.00
$157,100.00
$29,502 plus 24% of the amount over $172,750
$29,502.00
24%
$13,740.00
$43,242.00
5
E
$329,850.00
$418,850.00
$89,000.00
$67,206 plus 32% of the amount over $329,850
$67,206.00
32%
$0.00
$0.00
6
F
$418,850.00
$628,300.00
$209,450.00
$95,686 plus 35% of the amount over $418,850
$95,686.00
35%
$0.00
$0.00
7
G
$628,300.00
$500,000,000.00
$499,371,700.00
$168,993.50 plus 37% of the amount over $628,300
$168,993.50
37%
$0.00
$0.00
There are no rows in this table
5. Calculate your expenses
or that categorize automatically your expenditures after you connect your credit card and bank accounts. Input these expenses into the “Monthly Cost (today)” column below. *Today : because of abnormal spending habits due to Covid, I recommend you consider “today” expenses from a period of “normal” time i.e before 2020. For example, what I have here are averages from a 4 month period between March and June 2018 when we lived in an apartment in Cupertino, CA.
Reset all values
Expense Category
Monthly Cost (today)
Months valid per yr (today)
Average Monthly (today)
Clarifying notes (today)
1
Pet Stuff
$45
00
12$45
2
Utilities
$200
00
12$200
3
Groceries
$212
00
12$212
4
Shopping
$580
00
12$580
5
Car Related
$655
00
12$655
6
Entertainment
$509
00
12$509
7
Food
$985
00
12$985
8
Regular travel
$1,448
00
12$1,448
9
3 months summer travel
$0
00
0$0
10
Rent out home
$0
00
0$0
11
Health Care
$0
00
0$0
There are no rows in this table
$4,633
Sum
👉 Cool. That was easy, right? Let’s move on to:
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