orbops
Recycles dryer sheets
I guess the downside of owning any stock like NVDA in my tIRA is that I'm losing the benefit of the capital gains tax rate, but I guess I can't complain since I'm up almost 500%.
I guess the downside of owning any stock like NVDA in my tIRA is that I'm losing the benefit of the capital gains tax rate, but I guess I can't complain since I'm up almost 500%.
Please tell--what is the benefit of the capital gains tax rate?
Cap gains are taxed at zero to a point, then 15%, and only higher at a pretty high income level (I'd have to look it up).
Trad IRA are taxed as income from dollar one, at your marginal rate if you think of it as being 'on top' of everything else. But as regular income, it can also push other income (like cap gains/divs) into that higher bracket.
State treatment may differ, IL does not tax retirement income (yet).
-ERD50