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Tax free income and Spending inpit
Old 07-25-2017, 07:55 PM   #1
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Tax free income and Spending inpit

Should I gross up VA Disability pension (tax free) that will be 30% of our ER spending?
Or does it even matter (Spending=$82,000 VA=$24,000) at an effective tax rate below 10%?
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Old 07-27-2017, 01:22 PM   #2
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in FIRECalc, the spending level you input is inclusive of taxes.

So, if I am understanding you correctly, you would not need to gross up the VA disability pension.

However, whatever is your assumed spending level should take into account taxes.
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Old 07-27-2017, 05:30 PM   #3
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Thanks. I'll bump up spending to include net income tax.
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