Our our taxable brokerage accounts would generate about $100k in dividends. We wouldn't have any other income. My head is spinning about qualified dividends, as I understand it, its similar to long term capital gains, long held stock dividend taxed at lower rate? If all was qualified dividends and we had no ordinary income, could our tax rate really be zero?Not quite. Using 2012 numbers for standard deduction, personal exemptions and brackets your tax would be $1,470.Taxable income: $80,500Top of 15% bracket: $70,700Your tax would be 15% of the $9,800 excess over the top of the 15% bracket.PhilRule Your Retirement Home Fool
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra