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Subject:  What tax bracket am I in? Date:  4/12/2010  7:58 PM
Author:  grandmanjb Number:  110111 of 126333

When figuring out which tax bracket you are in, do you use just the figures for pension and Social Security? Or do interest and dividends affect the rate also? I seem to be having a major senior moment tonight.

What I am really trying to do is figure out how badly my husband and I are going to be hurt by the change in how dividends are going to be taxed in 2011.

I might be better off selling some of the stocks that don't go anywhere but pay wonderful dividends. In 2011, the dividends will be taxed at 36 or 39.6% vs. the present 15%. We might be better off in the future selling growth stocks with only 20% of the gain going to taxes.

NancyB
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