You are on the right track, but wrong on how taxes work. Only the income that goes into the next bracket gets taxed at that rate. In your scenario of up to $78,000 being the 12%, if you make $85,000 only $7000 will be taxed at 22% per your scenario.
Scenarios of anchoring in the chutes:
1. Worst case: You anchor out the side or the back and swamp your boat and die.
2. Next worse: You anchor out the front and are ok until a boat wake swamps you and you die.
3. Next: You anchor out the front and survive while pissing everybody off that is...
Make sure you get one with tone. I trained my latest to slam on the breaks when I hit the tone. I usually just talk to him close, but if he gets rangy, the tone stops him without screaming or a whistle. Flushing dog, BTW.
I know lenders that won’t finance used diesel pickups. One catastrophe from being majorly upside down. I’ve heard of guys driving junkers and making payments on their diesel sitting in the driveway until they have enough equity to borrow more in order to fix them. Used diesel pickups can be...
I’m getting my ducks in a row. There should be something coming down the pipe. You will have to get through the sales line of “well there not making more right now”. Haha