Join Early Retirement Today
Reply
 
Thread Tools Display Modes
2013 tax rates/brackets
Old 01-12-2013, 09:56 AM   #1
Thinks s/he gets paid by the post
grasshopper's Avatar
 
Join Date: Oct 2010
Posts: 2,464
2013 tax rates/brackets

For all us kids pushing the tax bracket limits.

http://www.irs.gov/pub/irs-drop/rp-13-15.pdf
__________________
For me experiences are not good or bad, just different
grasshopper 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 01-12-2013, 10:24 AM   #2
Recycles dryer sheets
 
Join Date: Oct 2007
Location: Georgetown
Posts: 423
Thanks for posting this! For 2013, looks like maximum AGI for a couple taking the standard deduction and wishing to remain in 15% bracket is $92,500 (72,500 +12,200 + 7800). A worthwhile goal to aim for in order to stay on 0% tax bracket for LTCG and dividends.

Marc
Marc is offline   Reply With Quote
Old 01-12-2013, 10:34 AM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 9,343
This is something everyone should evaluate. With the SS payroll tax reverting back to its original rate this year, My part time job will earn me about 30 cents on the dollar when figuring in most of the earned money is in 28% tax bracket, plus all other taxes, transportation cost, and loss of state pension tax credit. So I am done for good here in a few months after I finish up my obligation.
Mulligan is offline   Reply With Quote
Old 01-12-2013, 02:30 PM   #4
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: 38,008
Quote:
Originally Posted by grasshopper View Post
For all us kids pushing the tax bracket limits.

http://www.irs.gov/pub/irs-drop/rp-13-15.pdf
Thanks very much!

Wow, for AMT, not only is the exemption amount indexed to inflation, but the other numbers too! [The "excess" taxable income for the 28% rate, and the AMT exemptions phaseout. Those two numbers had been fixed for decades at $175K and $150K respectively.] That's nice!
__________________
Retired since summer 1999.
audreyh1 is offline   Reply With Quote
Old 01-12-2013, 02:31 PM   #5
Full time employment: Posting here.
ronocnikral's Avatar
 
Join Date: Apr 2010
Posts: 853
And don't forget the impact on Divs/LTCG.

20% for those in the highest tax bracket plus a 3.8% tax for "higher" compensated individuals/couples thanks to the ACA.
ronocnikral is offline   Reply With Quote
Old 01-12-2013, 03:21 PM   #6
Thinks s/he gets paid by the post
 
Join Date: Jul 2012
Location: Mississippi
Posts: 1,894
Quote:
Originally Posted by Mulligan View Post
This is something everyone should evaluate. With the SS payroll tax reverting back to its original rate this year, My part time job will earn me about 30 cents on the dollar when figuring in most of the earned money is in 28% tax bracket, plus all other taxes, transportation cost, and loss of state pension tax credit. So I am done for good here in a few months after I finish up my obligation.
They really don't give much incentive for singles to w*rk do they.
rbmrtn is offline   Reply With Quote
Old 01-12-2013, 04:04 PM   #7
Thinks s/he gets paid by the post
 
Join Date: Nov 2011
Posts: 3,877
Avoiding ordinary income seems the way to go. I foresee more people disclaiming inherited IRAs, or not withdrawing from them despite the 50% penalty.
GrayHare is offline   Reply With Quote
Old 01-12-2013, 04:10 PM   #8
gone traveling
 
Join Date: Jan 2013
Posts: 52
I always thought it was a little strange that most so-called developed countries disenfranchise successful people, those with "high" income.

Quote:
Originally Posted by rbmrtn View Post
They really don't give much incentive for singles to w*rk do they.
vxp036000 is offline   Reply With Quote
Old 01-12-2013, 06:11 PM   #9
Administrator
Alan's Avatar
 
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 34,056
Quote:
Originally Posted by vxp036000 View Post
I always thought it was a little strange that most so-called developed countries disenfranchise successful people, those with "high" income.
What in the tax laws removes the right to vote from high income folks?
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
Alan is offline   Reply With Quote
Old 01-12-2013, 06:16 PM   #10
gone traveling
 
Join Date: Jan 2013
Posts: 52
High income folks are by definition a minority and will always be plundered by the majority. One of the many flaws with democracy. Maybe when enough of us with substantial income move to more tax friendly countries and the political / economic environment in the USA plummits enough you'll understand.
vxp036000 is offline   Reply With Quote
Old 01-12-2013, 06:23 PM   #11
Administrator
Alan's Avatar
 
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 34,056
Quote:
Originally Posted by vxp036000 View Post
High income folks are by definition a minority and will always be plundered by the majority. One of the many flaws with democracy. Maybe when enough of us with substantial income move to more tax friendly countries and the political / economic environment in the USA plummits enough you'll understand.
I understand what the word disenfranchise means, which is what you say is happening. Try looking it up.
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
Alan is offline   Reply With Quote
Old 01-12-2013, 06:30 PM   #12
gone traveling
 
Join Date: Jan 2013
Posts: 52
You're clearly using a different definition. Disenfranchise also means marginalized.Which is quite accurate; money that I lawfully earned is forcibly taken from me, much more so than for an average income person.

Quote:
Originally Posted by Alan View Post
I understand what the word disenfranchise means, which is what you say is happening. Try looking it up.
vxp036000 is offline   Reply With Quote
Old 01-12-2013, 06:40 PM   #13
Administrator
Gumby's Avatar
 
Join Date: Apr 2006
Posts: 22,973
Quote:
Originally Posted by vxp036000 View Post
Disenfranchise also means marginalized.
Then why didn't you say "marginalized" to avoid confusion? It is also difficult for me to believe that someone who can't spell "plummet" is high income.
__________________
Living an analog life in the Digital Age.
Gumby is online now   Reply With Quote
Old 01-12-2013, 06:41 PM   #14
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
Quote:
Originally Posted by vxp036000 View Post
I always thought it was a little strange that most so-called developed countries disenfranchise successful people, those with "high" income.
Quote:
Originally Posted by vxp036000 View Post
High income folks are by definition a minority and will always be plundered by the majority. One of the many flaws with democracy. Maybe when enough of us with substantial income move to more tax friendly countries and the political / economic environment in the USA plummits enough you'll understand.
Quote:
Originally Posted by vxp036000 View Post
You're clearly using a different definition. Disenfranchise also means marginalized.Which is quite accurate; money that I lawfully earned is forcibly taken from me, much more so than for an average income person.
This sounds like the beginning of a political diatribe - something this forum prohibits. Rather than continue into that minefield you might want to stick to trying to convince a bunch of millionaires why your method of investing is better than theirs.
__________________
Numbers is hard
REWahoo is offline   Reply With Quote
Old 01-12-2013, 06:42 PM   #15
gone traveling
 
Join Date: Jan 2013
Posts: 52
Quite frankly, I don't care whose investment strategy is better. Clearly you do

Quote:
Originally Posted by REWahoo View Post
This sounds like the beginning of a political diatribe - something this forum prohibits. Rather than continue into that minefield you might want to stick to trying to convince a bunch of millionaires why your method of investing is better than theirs.
vxp036000 is offline   Reply With Quote
Old 01-12-2013, 06:43 PM   #16
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
Quote:
Originally Posted by vxp036000 View Post
Quite frankly, I don't care whose investment strategy is better.
Then why are you espousing your investment strategy so adamantly?
__________________
Numbers is hard
REWahoo is offline   Reply With Quote
Old 01-12-2013, 06:44 PM   #17
gone traveling
 
Join Date: Jan 2013
Posts: 52
I clearly state that it works for me and also advised that it probably wouldn't work for most other folks. How much more clear can I be? What I see a bunch of folks getting all up in arms about how a few folks have an alternative way of investing. Not to mention ridiculed, and personal attacks.

Quote:
Originally Posted by REWahoo View Post
Then why are you espousing your investment strategy so adamantly?
vxp036000 is offline   Reply With Quote
Old 01-12-2013, 06:48 PM   #18
gone traveling
 
Join Date: Jan 2013
Posts: 52
Showing your true colors now

Quote:
Originally Posted by REWahoo View Post
Rather than continue into that minefield you might want to stick to trying to convince a bunch of millionaires why your method of investing is better than theirs.
vxp036000 is offline   Reply With Quote
Old 01-12-2013, 07:26 PM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2003
Posts: 18,085
Quote:
Originally Posted by vxp036000 View Post
I clearly state that it works for me and also advised that it probably wouldn't work for most other folks. How much more clear can I be? What I see a bunch of folks getting all up in arms about how a few folks have an alternative way of investing. Not to mention ridiculed, and personal attacks.
Speaking as someone who plans on bailing from my day job in the next few years and living an extremely tax-efficient life, I am quite happy that there are people like yourself who generate oodles of taxable income and carry the weight of gubmint expenditures. I am tired of doing so and am happy to cede that to you and your compatriots.
__________________
"All animals are equal, but some animals are more equal than others."

- George Orwell

Ezekiel 23:20
brewer12345 is offline   Reply With Quote
Old 01-12-2013, 07:29 PM   #20
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2003
Posts: 18,085
Quote:
Originally Posted by vxp036000 View Post
Showing your true colors now
Word to the wise: generally speaking, comments like this appear to be frowned upon by the moderators here. Play nice in the sandbox, or spend time in the penalty box.
__________________
"All animals are equal, but some animals are more equal than others."

- George Orwell

Ezekiel 23:20
brewer12345 is offline   Reply With Quote
Reply


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


» Quick Links

 
All times are GMT -6. The time now is 10:49 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.