Consider the following variables-
$48,000 needed unearned income in first year in early retirement
$10,000 qualified dividend gain
$26,000 in long term capital gain
$12,000 in post-tax savings
Is this the best way to minimize federal tax liability, by keeping my dividend and capital gain income within the 15% tax bracket? I believe that by doing that, I do not pay tax on that long term capital gain. I believe the top end of the 15% tax bracket for a single filer is approximately $36,250.
What do you think?
$48,000 needed unearned income in first year in early retirement
$10,000 qualified dividend gain
$26,000 in long term capital gain
$12,000 in post-tax savings
Is this the best way to minimize federal tax liability, by keeping my dividend and capital gain income within the 15% tax bracket? I believe that by doing that, I do not pay tax on that long term capital gain. I believe the top end of the 15% tax bracket for a single filer is approximately $36,250.
What do you think?