• 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5

Ignorant tax question

My wife, with her MBA, does the taxes. Me, as a lowly engineer, is tasked with creating spreadsheets projecting cash flow in retirement. My question concerns marginal Federal tax rates. The projection for 2020 includes $405K in ordinary income and $125K in qualified dividend income. When estimating taxes I assume a $24K standard deduction. What are the appropriate rates for each income group? I am assuming that the qualified dividends are taxed at 20% + 3.8% and the ordinary income $91379.00 35% over $400K  

Forum Jump:

Users browsing this thread: 1 Guest(s)