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Everyone raves about quarterly estimated tax payments but I just set aside 30% every month

My accounting software crashed last week and I lost a whole year of tracked expenses. Turns out my monthly stash covered the mess without even thinking about it while everyone else was scrambling.
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3 Comments
wadejenkins
Holding back 30% every month is a solid hedge against surprises like software crashes, but does that percentage actually match your tax bracket and deductions? I'd be curious if you've ever run the numbers to see if it's leaving you short or way overpaying.
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paige_bell81
Is it really that serious for most people though?
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torres.riley
Right? Because who needs fancy software when you can just panic and dump cash in a drawer.
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