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URL:  http://boards.fool.com/xtrafool-ltltanyway-looked-a-some-quick-10094690.aspx

Subject:  Re: Roth IRA's (cont.) Date:  1/31/1998  7:56 AM
Author:  TMFPixy Number:  1550 of 78166

XtraFool,

<<anyway, looked a some quick numbers from the 1997 tax schedules.......... single taxable income of $124,650 will results in a 27% tax rate, $24,650 is the maximum for 15%. for married filing jointly, a income of $151,750 results in a 26% tax rate and $41,200 for 15%. so in both of these cases you would have to drop your income by over $100,000, or over 70% to fall into the 15% tax bracket. you would need a severe lifestyle change to be able to handle this lo