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Re: Taxes
There is a term for this as you can see from the below article. I assume you are somewhat unaware of this because you are not yet collecting Social Security. I was also oblivious to it until it became a reality for me. Ah, right, the dreaded SS tax torpedo that I see discussed on Bogleheads and for...
Re: Taxes
Vinny, You should also consider donating your RMD. That avoids the taxes if I'm understanding correctly. You understand correctly. However, that is not in my future for two main reasons. 1) I already have a significant amount in my Vanguard Charitable Donor Fund. 2) From being intimately involved i...
Re: Taxes
Vinny, You seem to be saying that if you have $10,000 taxed at 22% and another $10,000 also taxed at 22% that you now have $20,000 being taxed at 44%. The tax on that $20,000 is $4,400, not $8,800. Remember that you have $11,600 that is only taxed at 10% and that the next $35,550 is only taxed at 1...
Re: Taxes
If you're self-employed and therefore paying both halves of the FICA taxes, don't forget to deduct the employer half of it. That should reduce the effective tax rate a bit. I never forget that. In absolute terms the $$$ amount of taxes saved would be: Business Income X 13.5% X 0.5 X Marginal Tax Ra...
- Sun Apr 14, 2024 4:13 pm
- Forum: Variable Portfolio Discussion
- Topic: BTC in the PP
- Replies: 239
- Views: 119382
Re: BTC in the PP
https://www.mauldineconomics.com/global ... te-garbage
McBride: “99% of crypto is absolute garbage.”
Ed D'Agostino Ed D'Agostino
|
April 12, 2024
McBride: “99% of crypto is absolute garbage.”
Ed D'Agostino Ed D'Agostino
|
April 12, 2024
- Sun Apr 14, 2024 3:20 pm
- Forum: Gold
- Topic: Why the big move in gold?
- Replies: 68
- Views: 70185
Re: Why the big move in gold?
I suspect that the paper-gold to physical gold ratio will further increase from recent 122:1 levels. Looks like a big buyer, 100Bn, perhaps Russia, buying 1500 tonnes of physical gold, via Options (expiry settlement in physical gold rather than cash). With current sanctions those trades being appli...
- Sun Apr 14, 2024 3:19 pm
- Forum: Politics
- Topic: Putin Invades Ukraine II
- Replies: 1173
- Views: 970928
Re: Taxes
The whole Social Security thing is a double tax as not only will those Require Minimum Distributions push me well into the 22% marginal tax bracket ... it will also result in more Social Security being taxed (at that 22% marginal tax bracket). Seems like that could be viewed as a 44% federal tax ra...
- Sun Apr 14, 2024 11:35 am
- Forum: Politics
- Topic: Putin Invades Ukraine II
- Replies: 1173
- Views: 970928
Re: Taxes
So maybe this whole "we pay half of our money to the government!" meme is a bunch of baloney pushed by people trying to make you mad and turn off your brain so you'll make bad decisions that just so happen to serve their purposes. What are some examples of these bad decisions? Voting for ...
Re: Taxes
So I was SUPPOSED to first be completing my tax return. But once I had my Excel tax file open I had to do this more fun task. As usual, nothing is simple, so here is a table of looking at my taxes in different ways. (By the way, I was mistaken earlier. I thought I was in the 22% marginal tax bracket...
Re: Taxes
You are correct about effective tax rate ...which is different from marginal tax rate, which is the tax rate on your next $$$ earned. For my 2023 tax return I am in the 22% federal tax bracket. State is 5%. Therefore, 27% total for the next $$$ earned. But then there is Social Security / Medicare, ...
- Sat Apr 13, 2024 3:20 pm
- Forum: Politics
- Topic: Putin Invades Ukraine II
- Replies: 1173
- Views: 970928
Re: Putin Invades Ukraine II
We are already making tentative plans for another trip in December 2024, but who knows what the country will be like at that point. With the US clearly indicating that its abandoned Ukraine !!! Did I miss some major breaking news of some new development regarding the United States and where it stan...
Re: Taxes
You are correct about effective tax rate ...which is different from marginal tax rate, which is the tax rate on your next $$$ earned. For my 2023 tax return I am in the 22% federal tax bracket. State is 5%. Therefore, 27% total for the next $$$ earned. But then there is Social Security / Medicare, w...
- Thu Apr 11, 2024 7:52 pm
- Forum: Other Discussions
- Topic: Daily "Check In" Thread For Us
- Replies: 2293
- Views: 1333093
Re: Daily "Check In" Thread For Us
What?? And you call yourself Canadian O0 Well, I guess they are before your time. Their first record did come out in 1975, many years before Smith1776 was born. Them and The Guess Who the most prominent rock bands to ever come out of Canada. Just remembered Bryan Adams also belongs in there. Saw ea...
- Thu Apr 11, 2024 8:29 am
- Forum: Gold
- Topic: Why the big move in gold?
- Replies: 68
- Views: 70185
Re: Why the big move in gold?
https://secure.money.com/gold-iras/lp/best-gold-iras-abm-eml?pcuid=y4300e40d96e&encoded_id=MOe4l&jump_from_embed=true&s1=money_move_of_the_week&wafid= Best Gold IRAs Investing, buying, and trading in precious metals is one way to diversify your retirement portfolio. We’ll help you ch...
- Thu Apr 11, 2024 8:17 am
- Forum: Gold
- Topic: Why the big move in gold?
- Replies: 68
- Views: 70185
Re: Why the big move in gold?
https://www.wsj.com/finance/commodities-futures/gold-futures-break-another-record-driven-by-perfect-storm-c65fed18 FINANCE COMMODITIES & FUTURES Gold Futures Hit Another Record on Geopolitical Tensions, Fed Hopes Investors will be paying close attention to U.S. CPI inflation data and Fed meeting...
- Thu Apr 11, 2024 8:14 am
- Forum: Gold
- Topic: Why the big move in gold?
- Replies: 68
- Views: 70185
Re: Why the big move in gold?
https://www.etf.com/sections/features/golds-rise-taunts-advisors-whove-seen?utm_medium=email&utm_campaign=49%20-%20Morning%20Exchange%20-%20CPI%20Surprises%20Could%20Drive%20Stock%20Bond%20ETFs&utm_content=49%20-%20Morning%20Exchange%20-%20CPI%20Surprises%20Could%20Drive%20Stock%20Bond%20ETF...
- Thu Apr 11, 2024 8:08 am
- Forum: Gold
- Topic: Why the big move in gold?
- Replies: 68
- Views: 70185
Re: Why the big move in gold?
https://money.com/gold-vs-stocks-performance/?encoded_id=MOe4l&utm_source=newsletter&utm_medium=email&utm_content=Recurring%20%7C%202024-04-08%20%7C%20Daily%20Money&utm_campaign=daily_money Investing Gold Gold Has Outperformed the S&P 500 So Far This Year By: Pete Grieve Editor: ...
- Tue Apr 09, 2024 12:24 pm
- Forum: Other Discussions
- Topic: Daily "Check In" Thread For Us
- Replies: 2293
- Views: 1333093
- Tue Apr 09, 2024 6:50 am
- Forum: Other Discussions
- Topic: Daily "Check In" Thread For Us
- Replies: 2293
- Views: 1333093
Re: Daily "Check In" Thread For Us
I read Naismith's biography and don't remember that part.
But you are correct!
https://en.wikipedia.org/wiki/James_Naismith
However, he invented it AFTER he moved to the United States.
- Mon Apr 08, 2024 9:02 pm
- Forum: Other Discussions
- Topic: Daily "Check In" Thread For Us
- Replies: 2293
- Views: 1333093
Re: Daily "Check In" Thread For Us
How're everyone's investments going? Swimmingly. Have you figured out some fun new dates? Or, are you guys blasting the opening to Rush 2112 on the way to Tim Hortons for scones, and then a game of curling. Actually, that doesn’t sound so bad. O0 Or, right now watching the UConn / Purdue game? I kn...
- Sat Apr 06, 2024 8:37 am
- Forum: Gold
- Topic: Why the big move in gold?
- Replies: 68
- Views: 70185
Re: Why the big move in gold?
Whoah!! Almost 2300. I have the same question as the title of this thread....is this because people think the Middle East situation is spinning out of control? Or that some kind of economic apocalypse is being predicted and I just haven't noticed? Or, do we indeed have inflation, it's just not refl...
- Fri Apr 05, 2024 3:59 pm
- Forum: Politics
- Topic: Occupied Land acknowledgements
- Replies: 16
- Views: 701
Re: Occupied Land acknowledgements
When did acknowledging that your institution is on “Located on Occupied and Unceeded XYZ Ancestral Homelands” become a thing? Is it anything other than empty virtue signaling? I have yet to encounter this. What are examples of this? From Perth Mint's website: Acknowledgement of Country: We acknowle...
- Fri Apr 05, 2024 11:16 am
- Forum: Other Discussions
- Topic: Earthquake!
- Replies: 1
- Views: 107
Re: Earthquake!
https://www.nytimes.com/2024/04/05/nyre ... ticleShare
4.7 Magnitude Earthquake Rattles New York City and Beyond
4.7 Magnitude Earthquake Rattles New York City and Beyond