How Retirees Pay Zero Taxes

[pb4uski]

I do the same and was perturbed that my federal tax bill was zero but I owed about 3% of my gains in state income tax - not a surprise but annoying nonetheless. And in 2014 I'll scale down any gains to stay under 400% FPL.

[Chuckanut]

I was on schedule to pay little or no income tax this year, until I started thinking it would be a good idea to do some Reg IRA to Roth IRA conversions.

[Chuckanut]

Quote:

Originally Posted by pb4uski Oh, I remember now. Actually I was proud to be able to structure my finances so that my federal income tax last year, my first full year of retirement, was zero! Probably the first time since I was a young teenager.

Obviously, you have joined up with the other dangerous radicals who haunt this site.

[pb4uski]

Guilty.

I suppose that the NSA will be barging in the door at any moment.

[tmm99]

Quote:

Originally Posted by Beryl This scenario has a person hauling in $200,000 and only gives $5000 in donations? People I know who earn $50K donate at least that.

Really