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Here’s a little tidbit about the bonus for tax season. If you take the lump sum upfront and also contribute to a Roth IRA throughout the year, the lump sum will bump your annual AGI above the threshold where you can contribute the full $5500/yr. If you don’t watch it carefully, you’ll contribute too much and will be subject to tax penalties.
Completely false. Taxes are much more nuanced than that blanket statement. For example, many credits and deductions phase out at AGI and MAGI thresholds. I qualified for the Saver's Credit most of my AD years. Not so much anymore.
Except 69% of legislative proposals are not meant to actually become law. She makes her base smile when she taxes what they don't like and appears to fund what they do like. Whether it's proposing a 70% income tax or a $20 porn tax, they're running their mouth for election points, not serious proposals.