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Re: JRoon71 post# 424109

Thursday, 05/09/2024 11:42:18 AM

Thursday, May 09, 2024 11:42:18 AM

Post# of 425931
Yes to all those taxes you mentioned. Not sure if you are old enough and on Medicare or not, but higher incomes jack up your Medicare premium as well. Another thing that irks me is that there is only one break point for cap gains. What I mean is investments held less than a year and those more than a year. It would be nice if there was some additional treatment for investments held 5 and 10 years. Before 1986, you could also average your income over 4 years, but not since then. I also seem to think, if my memory serves me, that it was the same administration that started the taxation of SS benefits.
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