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When I was 'laid off' (volunteered for it), I got 51 weeks of pay the last paycheck of the year. That doubled my income for the year. well, almost. I had some investment income.

The next quarter, I had to sell my stock options. no choice. Another LARGE chunk of income that year. But that was before I was 65, but within six weeks, I wound up paying over $180,000 in income taxes taken out of my checks. All 'regular' income.

Ouch!

Since then, I've been very miserly with my contributions to Uncle Sam. More than 50% of my income other than SS is dividends......

Overall, tax rate less than 15% on income.


t.
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