From Forbes
How Retirees Pay Zero Taxes - Forbes
"To illustrate, let’s invent a retired couple who live outside Boston. They own a $2 million home, have $7 million stashed away at their broker and haul in $200,000 a year in dividends, interest, Social Security and distributions from publicly traded partnerships. They have $30,000 in deductions, including $20,000 for property tax and $5,000 for a donation.
Type this example into Intuit’s TurboTax program and the federal income tax bill that comes out is $17."
Talks about using munis and low dividend tax rates to get to very low federal income tax. This is exactly how I will operate when I do ER.
How Retirees Pay Zero Taxes - Forbes
"To illustrate, let’s invent a retired couple who live outside Boston. They own a $2 million home, have $7 million stashed away at their broker and haul in $200,000 a year in dividends, interest, Social Security and distributions from publicly traded partnerships. They have $30,000 in deductions, including $20,000 for property tax and $5,000 for a donation.
Type this example into Intuit’s TurboTax program and the federal income tax bill that comes out is $17."
Talks about using munis and low dividend tax rates to get to very low federal income tax. This is exactly how I will operate when I do ER.