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<p>[QUOTE="losthomer, post: 2862494, member: 76769"]Only the portion of the income that is in the higher tax bracket gets taxed at the higher rate, not all of the income. Since you are only talking about 5K it's probably not a huge amount.</p><p><br /></p><p>Full disclosure: I'm not a certified tax planner and I don't play one on TV.[/QUOTE]</p><p><br /></p>
[QUOTE="losthomer, post: 2862494, member: 76769"]Only the portion of the income that is in the higher tax bracket gets taxed at the higher rate, not all of the income. Since you are only talking about 5K it's probably not a huge amount. Full disclosure: I'm not a certified tax planner and I don't play one on TV.[/QUOTE]
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