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Woah that’s a very fine comb.
Am I right to say that as a married man, I can file under Head of Household instead of Married filing separately to save marginally on taxes - if my wife doesn’t invest in Bitcoin?
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I believe head of household just means you have at least one dependent living with you, a child for instance, and no one else is claiming them on their taxes.
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Thanks for the clarification
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Are those graduation rates based only on what you cash out for cap gains purposes? For instance, in the scenario you described (cashing out $150k) are those rates accurate regardless of what your income level (and tax bracket) is?
I've never understood this and googling has produced results that are still ambiguous.
Not quite accurate.
Here is the full list
This is a graduated tax. So if you cashout $150K of long-term cap-gains, the first $96.7K would be 0% (if you are married) and the following $53.3K would be taxed at 15%, so the aggregate tax would be 5.3%