Now, back to this spreadsheet and the thread overall, well, it's over my head
for sure, so I have a different kind of questions. Hopefully I'm not high-jacking the thread:
- If a person (like me) is challenged to understand such intricate spreadsheets like OP's, is there a simpler kind of material to begin learning the differences between tax brackets and marginal taxes, what kind of income to withdraw from which account (taxable, IRA/401k, or Roth IRA) to keep AGI low for ACA and/or FAFSA purposes if we FIRE'd.
Ahh, just please don't recommend reading irs.gov. I'm hoping that there is some kind of blog or wiki that tackles such tax questions at the 1st grader's comprehension level
. Are you aware of any?
Seeing this thread made me think that I should start learning the basics at least on how tax situation changes when one quits w*rk. Right now all we do is work for the corporate America, save, and raise our kiddos. No tax planning on our part yet.
Thanks in advance.