Join Early Retirement Today
View Poll Results: What tax bracket are you?
10 16 8.38%
15 50 26.18%
25 55 28.80%
28 30 15.71%
33 16 8.38%
35 7 3.66%
39.6 17 8.90%
Voters: 191. You may not vote on this poll

Reply
 
Thread Tools Search this Thread Display Modes
Poll: What tax bracket are you?
Old 04-20-2015, 09:21 PM   #1
Recycles dryer sheets
 
Join Date: Dec 2007
Posts: 186
Poll: What tax bracket are you?

If there is a recent poll, then never mind, but I think it would be interesting to see the range of brackets on this forum. Brackets drive investing style, where to live, etc.
__________________

__________________
Mango1956 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-20-2015, 09:54 PM   #2
Thinks s/he gets paid by the post
 
Join Date: Jul 2005
Posts: 3,862
Pretty much whatever I want it to be! But in 2014 I ran it up to a marginal rate of 28.8%, which was the 25% bracket plus the 3.8% ACA investment tax. I entered 28% in the poll, though 25% might be the better answer.
__________________

__________________
Animorph is offline   Reply With Quote
Old 04-20-2015, 10:03 PM   #3
Thinks s/he gets paid by the post
martyb's Avatar
 
Join Date: Nov 2006
Location: Bossier City
Posts: 2,182
15% federal / 2% state of Louisiana

Sent from my SAMSUNG-SM-G900A using Early Retirement Forum mobile app
__________________
“Change is the law of life. And those who look only to the past or present are certain to miss the future.”
-John F. Kennedy

“Hard work never killed anybody, but why take a chance?” - Edgar Bergen
martyb is online now   Reply With Quote
Old 04-20-2015, 10:32 PM   #4
Thinks s/he gets paid by the post
2017ish's Avatar
 
Join Date: Apr 2012
Posts: 1,845
nominally 39.6. Still both working....
__________________
OMY * 3 2ish Done 7.28.17
2017ish is offline   Reply With Quote
Old 04-20-2015, 10:33 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,457
Unfortunately I am in the AMT tax bracket - 26%.
__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is online now   Reply With Quote
Old 04-20-2015, 10:45 PM   #6
Thinks s/he gets paid by the post
 
Join Date: Sep 2012
Location: Seattle
Posts: 2,905
2014, 33% plus some 3.8% ACA on investments (damn selling that website I paid $20 for $5000)

2015 probably 10%

2016+ likely 0% or lower
__________________
Fermion is offline   Reply With Quote
Old 04-21-2015, 03:22 AM   #7
Recycles dryer sheets
shotgunner's Avatar
 
Join Date: Jun 2008
Posts: 454
Your poll does not reflect the change to the tax code by the ACA so I can't vote as no category fits. My federal income taxes for 2014 were 0, actually less than 0 as I got a refundable tax credit for $1800.
__________________
Never surrender what you really want for what you want right now.
shotgunner is offline   Reply With Quote
Old 04-21-2015, 08:01 AM   #8
Moderator
Ronstar's Avatar
 
Join Date: Aug 2007
Location: A little ways southwest of Chicago
Posts: 9,342
15% in 2014
shooting for 10% in 2015
__________________
Ronstar is online now   Reply With Quote
Old 04-21-2015, 08:01 AM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 16,411
15% for me but it is a bit complicated... I did Roth conversion over the top of the 15% tax bracket and then did a recharacterization to reduce the Roth conversion so that my taxable income was exactly the top of the 15% tax bracket.

So I paid 15% on the last dollar of income (Roth conversion) but the marginal rate on my next dollar of income would have been 30% since going over the 15% tax bracket would cause LTCG that was previously taxed at 0% to be taxed at 15%.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
pb4uski is offline   Reply With Quote
Old 04-21-2015, 08:22 AM   #10
Recycles dryer sheets
Theseus's Avatar
 
Join Date: Aug 2013
Posts: 484
One of the things I really liking about the first full calendar year of retirement is finding that I have a great deal of control over our effective income tax rate. W@rking years it was was it was, and that wasn't pretty.
__________________
Theseus is offline   Reply With Quote
Old 04-21-2015, 08:50 AM   #11
Recycles dryer sheets
 
Join Date: Mar 2011
Location: Dallas
Posts: 457
Barely got into the 15%. Love controlling my tax destiny. Got the savers tax credit this year too.
__________________
Surewhitey is offline   Reply With Quote
Old 04-21-2015, 08:56 AM   #12
Thinks s/he gets paid by the post
 
Join Date: Jul 2002
Posts: 1,037
I marked 15% using the IRS definitions, but can engineer whatever I need it to be. Each Dec I review where I stand and may take some cap gains, maybe some losses, maybe convert money to Roth. I assume your asking about marginal tax bracket, not actual taxes paid as % of income
__________________
RE2Boys is offline   Reply With Quote
Old 04-21-2015, 09:08 AM   #13
Thinks s/he gets paid by the post
RetireAge50's Avatar
 
Join Date: Aug 2013
Posts: 1,120
25%
__________________
RetireAge50 is offline   Reply With Quote
Old 04-21-2015, 09:10 AM   #14
Recycles dryer sheets
 
Join Date: Aug 2010
Posts: 322
25% nominal and 12% effective per my tax accountant......
__________________
"Time wounds all heels...." - Groucho Marx
LRDave is offline   Reply With Quote
Old 04-21-2015, 09:19 AM   #15
Thinks s/he gets paid by the post
Car-Guy's Avatar
 
Join Date: Aug 2013
Location: Citizen of Texas
Posts: 2,470
staying under 15% until RMD's kick-in at 70.5
__________________
Car-Guy is offline   Reply With Quote
Old 04-21-2015, 09:43 AM   #16
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,457
Tax bracket doesn't matter nearly as much as the overall tax rate.
__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is online now   Reply With Quote
Old 04-21-2015, 09:48 AM   #17
Thinks s/he gets paid by the post
38Chevy454's Avatar
 
Join Date: Sep 2013
Location: Cincinnati, OH
Posts: 1,580
Quote:
Originally Posted by audreyh1 View Post
Tax bracket doesn't matter nearly as much as the overall tax rate.
Agree, my effective federal rate was a little over 20% on total taxable income.
__________________
After Monday & Tuesday even the calendar says, W-T-F...

Semi-Retired 7/1/16: working part-time (60%) for now [4/24/16 changed to 80%]
Retired Aug 2, 2017; age 53
38Chevy454 is offline   Reply With Quote
Old 04-21-2015, 09:50 AM   #18
Thinks s/he gets paid by the post
 
Join Date: Aug 2005
Posts: 2,056
I'm in the 25% marginal bracket. As for overall bracket though, is it best to quote gross income or AGI? Last year I only came in around 10% federal, for AGI. Not sure about gross.

I didn't pay enough throughout the year, so the April 2015 tax bill was pretty gross
__________________
Andre1969 is offline   Reply With Quote
Old 04-21-2015, 10:28 AM   #19
Thinks s/he gets paid by the post
Rustic23's Avatar
 
Join Date: Dec 2005
Location: Lake Livingston, Tx
Posts: 3,624
I'm in the 25% bracket, however, I only paid a little over 13% tax. So a lot more is taxed under 25% than at 25%.
__________________
If it is after 5:00 when I post I reserve the right to disavow anything I posted.
Rustic23 is offline   Reply With Quote
Old 04-21-2015, 10:46 AM   #20
Recycles dryer sheets
 
Join Date: Feb 2013
Location: Makakilo and Reno
Posts: 343
I do what ever I need to in order to stay in the 15% bracket....
__________________

__________________
Kimo is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
What will be youir tax bracket in ER? nun FIRE and Money 7 12-18-2007 10:01 PM
Best Vanguard Funds for High Tax Bracket Investor Jeff55 FIRE and Money 13 03-10-2007 07:03 PM
MOVED: Best Vanguard Funds for High Tax Bracket Investor Nords Hi, I am... 0 03-08-2007 11:28 PM
Signing Bonus/Tax bracket Question Jbird FIRE and Money 11 02-01-2007 05:58 PM
$31,000 Check coming soon and in the AMT tax bracket Foodeefish FIRE and Money 8 01-26-2007 11:41 PM

 

 
All times are GMT -6. The time now is 07:07 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.