Sandy & Shirley
Recycles dryer sheets
I’m working on a personal webpage and I want to use the correct terminology when I talk about how we get our Social Security, and LTCGs, tax free, then pay taxes on them later as our other income grows. The way I said it was:
The individual is paying ZERO taxes on about their first $44,300 of gross income because Social Security benefits and Long Term Gains are "tax deferred" income.
But that is not exactly what tax deferred income is! What is the proper way to say that?
PS: Is it against forum rules for me to mention the URL of the page I am creating?
The individual is paying ZERO taxes on about their first $44,300 of gross income because Social Security benefits and Long Term Gains are "tax deferred" income.
But that is not exactly what tax deferred income is! What is the proper way to say that?
PS: Is it against forum rules for me to mention the URL of the page I am creating?