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Investors & landlords
I've always recommended a quarterly federal tax payment of at least 20% of one's gross earnings, for income received where taxes were not withheld by the payer.
For state taxes, I always recommend a percentage equal to whatever the highest rate your state taxes personal income at. At this time, the highest rate I'm aware of is something like 8.5%, but I don't recall which state. CA maybe? Or NY?
‎July 13, 2020
10:30 AM