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Zero rate ap gains for 2008, please check me
Old 12-18-2007, 01:05 PM   #1
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Zero rate ap gains for 2008, please check me

I'm thinking now about the best usage of the 2008 capital gains tax in the 15% and under bracket. As I understand it, in 2008 the cap gains tax is *zero* for the 15% and under bracket. Here is a numerical example(numbers are in thousands):

 65    approximate top of 15% bracket in 2008 for couple
-10    income (could be dividends)
  6.6  exemptions for two (these are 2006 numbers)
 15    itemized deductions
 76.6  the max amount of cap gains couple can take in 2008 at zero rate
Does this look approximately right?
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Old 12-18-2007, 03:09 PM   #2
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I think you're approximately right.

I found the following numbers, assuming MFJ:


Which would make the number about $77,100 if I did the math right.

Depending on the nature of the $10,000 in income, that would either be taxed at ordinary rates or capital gains rates if they were qualified dividends.


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Old 12-19-2007, 10:10 AM   #3
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Thanks for checking me out on this!
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