2025 and Your Tax Rate — it’s not one rate
It’s often misunderstood how the states and feds tax us. A misconception is that once someone hits a certain income, all of their hard-earned money gets taxed at a higher rate. This is not the case.
The List: Tax-advantaged accounts — tax saving, wealth multipliers.
More in our series of ‘More for us, less for you IRS!’
Below is a list of the various tax-advantaged accounts we can have as freelancers. Learn the ways of the force, I mean accounts. As freelancers, investing is our ultimate side hustle.
My name is Chris Albert. I’m a freelance news magazine/documentary director of photography based in DC and I also run StudiowerksDC a commercial studio, also known as ‘the side hustle.’
Why the website? I happen to geek out on simple, sensible investing. Talking to friends and colleagues at work there was a real lack of investment and retirement knowledge. Why? Because no one teaches us. There did not seem to be an investment website dedicated to freelancers signal person businesses, so I made one.
We are going to get rich slow.