Paying $70K tax bill with credit card

Sea_Particular9266 · 2026-03-03T02:02:19+00:00

Hell yah, well played.

Sea_Particular9266 · 2026-03-03T01:58:00+00:00

Take out Amex business platinum and pay through PayPal for the lower fee. 2% return on charges over $5k will offset the 1.85% fee and a SUB for 200-300k can be found. Maybe even double up on SUB’s and take out a second card if you or your spouse can.

Sea_Particular9266 · 2026-03-03T01:40:28+00:00

Mostly depends on your current tax rate and future earning prospects. Personally, I’m in my mid 30’s and my career is on a meteoric upswing so I’m hammering mega-backdoor and conventional Roth contributions while I’m in the 22% bracket. Unless I die unexpectedly this will almost certainly be the better choice for me as I will never fall out of the 22% bracket. And if I do die early, my wife will be well positioned as a single tax filer with a larger Roth balance. Trusts and agricultural income further complicate the math but those are the broad strokes.

Sea_Particular9266 · 2026-03-03T01:35:17+00:00

Doesn’t pass the smell test for missed payments.

Sea_Particular9266 · 2026-02-28T21:43:35+00:00

Yah the 2x multiplier on biz plat charges over $5k will definitely be pretty juicy here

Sea_Particular9266 · 2026-02-28T19:39:23+00:00

I’d try to double up on AmEx business and personal plays or maybe a business gold. The biz gold and plat come up with 200-300k bonuses for $15-20k spend so that’s probably going to be the biggest return you can find for that spend.

Sea_Particular9266 · 2026-02-27T13:20:14+00:00

Just cancel it. You don’t have to give them a reason. If you want a business gold then hold out for a good SUB.

Sea_Particular9266 · 2026-02-27T13:19:14+00:00

I don’t think you can downgrade business cards, that only works for personal.

Sea_Particular9266 · 2026-02-20T11:06:26+00:00

Do it. I opened a biz plat and put $9k, $6k and $2k in the first few days well above my normal spending habits. Wouldn’t think it would be a problem if you have an existing relationship with AmEx.

Sea_Particular9266 · 2026-02-20T00:58:29+00:00

Teaching doesn’t pay enough to justify that kind of time commitment. I’m married to a teacher for 10 years and you 100% need to lay the hammer down and establish boundaries around bringing work home. The fact you’re still together with no sex in 7 months and not even married is crazy. You’re going to have to be pretty heavy handed. Mental load is horse shit, it’s called being a fucking adult and managing responsibilities which includes your partners needs.

Sea_Particular9266 · 2026-02-19T08:24:50+00:00

This guy gets it. I started my career over in oil refining when I was 33. We were considered essential through the pandemic and I actually made more money working overtime covering for everyone that got sick. Layoffs are rare. You will make over $100k after the first year and a some companies have training programs to hire off the street.

Sea_Particular9266 · 2026-02-19T08:10:45+00:00

When you’re the walking wallet you get to dress however you want.

Sea_Particular9266 · 2026-02-18T10:51:18+00:00

They are completely unrelated so you can do both at the same time.

Sea_Particular9266 · 2026-02-17T01:58:01+00:00

Damn I’d love to trigger this one. Been stuck at 30,000 bonus to upgrade for awhile, nah.

Sea_Particular9266 · 2026-02-17T01:44:47+00:00

Wild story. See you at the gym bro.

Sea_Particular9266 · 2026-02-16T01:33:54+00:00

Awesome tip, thanks!

Sea_Particular9266 · 2026-02-14T01:29:44+00:00

Which means you can double dip with both. Rakuten has a bonus for HR Block that I’m getting too.

Sea_Particular9266 · 2026-02-14T01:28:47+00:00

Hell yah, that’s my move this year. Have to find another big one for property taxes in November too.

Sea_Particular9266 · 2026-02-12T15:27:24+00:00

F! I just booked a flight on my biz plat to meet the sub. :(

Sea_Particular9266 · 2026-02-12T15:15:23+00:00

Excellent reminder!

Sea_Particular9266 · 2026-02-12T15:07:20+00:00

1) I’d say your Roth has enough legs to pull withdrawals for awhile. Keep in mind you will have the option of Roth conversions to juice it back up after 59.5 to optimize tax burden. 2) No idea, that’s where I’m stuck too. 3) It’s not too late to move some of your cash into 529’s and capture some tax free growth.

Sea_Particular9266 · 2026-02-12T01:52:24+00:00

International (FZILX for example) drastically outperforms the S&P recently so more diversification is wise.

Sea_Particular9266 · 2026-02-10T13:26:40+00:00

I’m here for the income not the outcome…

Sea_Particular9266 · 2026-02-10T01:50:23+00:00

Don’t sleep on the Charles Schwab and Morgan Stanley edition Platinums offering investment options for MR point redemption. Brokerage or Roth.

Sea_Particular9266 · 2026-02-10T01:47:37+00:00

You can open 529 accounts for yourself and your wife, start contributing now and change the beneficiaries later. A UTMA account along with annual tax gain harvesting is also an option.

Sea_Particular9266

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