Lets say I quit my job and lived off $40k per year.
And the way I got that $40k every year is from cashing out index funds that are in a taxable account. So I would have to pay capital gains taxes.
How much federal income taxes would I pay every year?
10% ?
And the way I got that $40k every year is from cashing out index funds that are in a taxable account. So I would have to pay capital gains taxes.
How much federal income taxes would I pay every year?
10% ?