The Money Mustache Community

Learning, Sharing, and Teaching => Investor Alley => Topic started by: BTDretire on December 15, 2017, 04:17:48 PM

Title: Anything in the Tax bill about Rates on Dividends, Cap Gains or interest income?
Post by: BTDretire on December 15, 2017, 04:17:48 PM

I know it still has to be deciphered, but were there any changes to rates on Dividends, Cap Gains or interest income in the bill before reconciliation.
 That's what many of us plan to live on, so it's important.

Title: Re: Anything in the Tax bill about Rates on Dividends, Cap Gains or interest income?
Post by: ILikeDividends on December 15, 2017, 04:20:34 PM

Quote from: BTDretire on December 15, 2017, 04:17:48 PM

I know it still has to be deciphered, but were there any changes to rates on Dividends, Cap Gains or interest income in the bill before reconciliation.
 That's what many of us plan to live on, so it's important.

The FIFO capital gains reporting mandate for individuals reportedly did not survive the reconciliation process.

Title: Re: Anything in the Tax bill about Rates on Dividends, Cap Gains or interest income?
Post by: DavidAnnArbor on December 16, 2017, 07:30:48 AM

I think therefore nothing has changed.

Title: Re: Anything in the Tax bill about Rates on Dividends, Cap Gains or interest income?
Post by: MDM on December 16, 2017, 09:46:34 PM

I think
- the 0%, 15%, and 20% rate brackets on QD & LTCG remain but will not, as they do now, line up exactly with ordinary income brackets.
- it's the ordinary income bracket breakpoints that changed: the QD & LTCG brackets will have the same dollar value (adjusted for inflation) as they do in 2017.

At least, that's how it was when I looked at the original bill, and I haven't heard of changes from that.