Author Topic: Death and Taxes, or maybe not taxes...  (Read 1722 times)

Greenbeard

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Death and Taxes, or maybe not taxes...
« on: October 02, 2013, 01:59:14 PM »
I recently learned something that I'm sure many who've already retired may know.

If you earn under a certain amount, you pay zero federal taxes on capital gains.  That amount is very high, by mustachian standards, married filing jointly it's $70,700.

I feel like I should have know this already, but I didn't.  So I'm posting it here for those who also may not have know.

This plays a pretty big role in my early retirement calculations, since virtually all my income will come from capital gains.

http://www.bankrate.com/finance/taxes/no-capital-gains-due-for-some-investors-1.aspx

There are all sorts of tax advantages too, particularly when you drop your income even lower.  I wish there was some way to figure out the amount I should withdraw to maximize ALL possible tax credits, write offs and loopholes.

 

Wow, a phone plan for fifteen bucks!