David1961
Thinks s/he gets paid by the post
- Joined
- Jul 26, 2007
- Messages
- 1,085
I am curious if anyone calculates their taxes as a percentage of their portfolio. So for tax year 2014, take your total taxes due for the year (federal, state, and real estate) and divide by your portfolio value on January 2014. I realize that income is taxed, not wealth, so it's not comparing apples to apples. Wouldn't this calculation yield the WR needed to pay taxes? What's a reasonable number to shoot for?