LOL. From 'doing taxes' to 'having any hair'

Anyhow I got mine done pretty early with a help of this small company in my area I've been using for the past five years. Damn stock market I lost a lot, so I've been chipping away the losses and use the $3000 carry over every year. The tax guy said although my lost was significant, it's not too bad cause with that carry over amount I do every year (applicable to my 'regular' income) I'll be able to use that up. He said he has seen some losses so big he knew the client won't be able to wipe that out for the next 30 years or more.

Anyhow I do have a question....say...I'm in the 15% bracket (I think although seems like they take a whole lot more LOL), and I pay parking to work $4/day so equals to about 80 bux/mth. The company I work for, has this thing where I can actually set aside that 80 bux/mth to reduce my taxable income. How much money am I actually saving by doing this?

Can I do like a simple math say I make $30,000/year taxable. With 15% my tax is 4500. but with that 80bux/mth pretax thing, I'm roughly about $29,000 with 15% tax, it's about 3% less than 4500..am I correct?

Essentially, this parking fees would reduce your adjusted gross income by $960, therefore, this would reduce your tax burdon by $144 based on the 15 percent tax bracket you stated.

Cheers,

Gary

Thanks Gary