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Author: RBMunkin Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Long term cap gains tax rate - 0% Date: 11/28/2012 6:46 PM
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Thanks very much Bill. That helped a lot.

Can they make the tax code any more complicated? It seems to me that the taxable income line 43 should calculate your actual tax liability. For instance, if it is $29000 on line 43 you should be able to look that figure up on the tax table, under MFJ, and see your tax of $3,504. But apparently qualified divs and capital gains are subtracted from the taxable income INVISIBLY!

Don't you think they should at least have a line showing the subtraction of these figures so that the taxable income line could directly be calculated from the tax table?

Thanks again.
RB
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