Thursday, February 13, 2014
The big surprise came when we arrived at the bottom line. Our total combined refund was a few dollars difference from last year's refund. But we had dropped from the 15% bracket to 10%...because my royalties were so low.
Now I must consider whether writing (and royalties earned) are actually more beneficial to our financial picture or maybe I should aim for one new book a year. I suspect the tax situation is not going to improve over the next few years. Perhaps, just perhaps there's a good reason to slow down and smell the roses!