How much would the taxes on a million dollars be? We calculate it based on earning that sum over 10 years, 4 years, and one year. The answer can be under $100,000 or over $360,000 depending on how long it takes you to earn $1,000,000.
During our years of wealth accumulation, a.k.a. working, we pay a pretty penny in taxes. We become accustomed to knowing … Read more
I don’t make the rules. I just try to play by them. And the rules tend to favor those who … Read more
Vanguard, my preferred brokerage, has taken strides in recent years to make it very easy to donate appreciated assets. In … Read more
If you want to lower your taxes, it’s important to have more than a vague understanding of how our tax … Read more
I’m excited to share a tax planning tool that I’m thrilled to have discovered prior to the end of the … Read more
2020 is the third year in which I’ll be eligible to receive a QBI deduction, that is, a tax deduction … Read more
It is commonly understood that muni bond taxation is favorable. Typically, an investor will not owe federal income tax on … Read more
I’ve not done a tax return reveal before, but 2019 was an interesting year from a tax perspective, and I … Read more
A long-time reader recently reached out with an intriguing idea; he wanted to share his passive income tax rate as … Read more
When the stock market hiccups, as it is known to do from time to time, you may have one of … Read more
High-income professionals should focus not only the returns from their investments, but also the after-tax returns. The difference can be … Read more
I’ve written extensively about how I use a donor advised fund to give more generously while taking advantage of the … Read more
Today, I’ve got a guest post from one of our nation’s foremost experts on the 20% qualified business income deduction, … Read more
Today’s Saturday Selection comes from The White Coat Investor. Dr. Dahle was way ahead of me in thinking about the … Read more
Welcome to another excellent Saturday Selection, a series in which a classic (but updated) post from a member of the … Read more
Before we get to today’s guest post, I want to highlight the impressive new course put together by my friend … Read more
Welcome to our first Pro / Con post, a collaboration between The White Coat Investor and me. This is … Read more
All I wanted for Christmas was a tax break. Guess what I got? A tax break! With the passage of … Read more
Today’s Saturday Selection, courtesy of The White Coat Investor, explores two of my favorite things: lowering taxes and how to … Read more