“If my time working in Ireland had been spent working in the US, I would have paid into Social Security and have it exempted from taxation by the state,” he wrote. “I am being penalized to the tune of $700 per year in taxes based on the location of my work.” Advertisement “Th...
Emini futures are taxed at an attractive tax rate – a “blended” rate of 60% of your (lower) long-term capital gains rate + 40% of your (higher) ordinary income tax rate. For most traders, this equates to a rate of between 19% and 22%. The actual tax rate you pay will depen...
If I worked somewhere for 15 years, and then decided to leave, I would have no retirement savings to show for my 15 years if I was in a pension plan (I don’t think you can take it with you, I may be wrong on that). Reply jag you can take it (pension) with you but you...
Not accounting for 401(k) and IRA withdrawals as income was a blind spot in my earlier arguments for not wanting to contribute to a Roth IRA. Viewing these withdrawals asdeferred incomeclarifies why they’re taxed as such. For all yousuper 401(k) and IRA savers, the pot of deferred inco...
Taxes on Taxable Accounts“Hi, Dr. Dahle. I have a question that's probably kind of dumb, but if you'll indulge me regarding taxable accounts: how often and when are we actually taxed? For example, if you have 500 shares of VTI in a Vanguard account, are you taxed capital gains ...
The primary goal of the strategy I’m working on for my relative is to meet her minimum spending needs while removing as much risk from the equation as possible. The impact of inflation, stock marketvolatility, tax, the state pension and along-lived retirementall need to be taken into accou...
BTW, Fidelity has thisvery slick widget that can help you decide what to do. I put in my assumptions and it told me to wait, with the difference in earning being almost $300k for waiting. TheWashington Post: The conventional advice about when to take Social Security is try as hard as ...
As we know there are 5 types of Income,Income from Salary, Income from House Property(Any residential or commercial property that you own will be taxed),Income from Capital Gains (When yousellMutual Funds,Stocks, Bond, Gold, Land or Property,Income from Profits and Gains of Business or Prof...
limits might, alternatively, reflect the boundaries of the notion that we have a moral duty to contribute to charity.56 As Bittker, among others has argued, because of this moral duty, some or all charitable transfers should not be taxed.57 Can the AGI limits be justified on this ground?
Until 1973 when a couple married the wifelost her independent status as a human being– I know that sounds awfully dramatic but if a wife wrote to the revenue pointing out that she had paid too much tax on her earnings under the PAYE system the reply was addressed to her husband and the...