What happens to those who make over $450k? What changes are you making?

[James W.]

For those who are lucky enough to make over $450k/year, what changes are you making?

From what I understand
1) tax rate goes up to 39.5%
2) you cannot take mortgage deductions anymore?
3) dividends from your corporation will be taxed at 20%

anything else? how do you protect your earnings besides maxing out on your sepIRA?

is it worth it to keep a home mortgage or should you just go and pay it off early?

does it still make sense to invest in real estate?

I know this is a great problem to have but it sucks to have 52% of your pay go to taxes after factoring in CA state taxes!

[Steven Hamilton II]

Oh and it also always makes sense as I would rather make the dollar and pay the tax than to not make the dollar at all.

I'd rather pay the 52% and have the remaining 48% to spend.

-Steven