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Generally you'd source some of your "income" from capital gains, and some from dividends. You wouldn't use interest at all. The first 24k of dividends would fal
by asdfasgasdgasdg 8y ago
Generally you'd source some of your "income" from capital gains, and some from dividends. You wouldn't use interest at all. The first 24k of dividends would fall under the standard deduction, assuming you're married. Assuming your "income" is coming half from cap gains and half from dividends, that yields a 0% tax rate (20k dividends @0% and 20k cap gains @0%). And this is of course assuming nothing comes from retirement accounts. In that case, the situation is even more advantageous.
- sys_64738 8y agoThe 2019 Standard Deduction for married filing jointly is $24.4k.
- asdfasgasdgasdg 8y agoI'm aware ("the first 24k of dividends would fall under the standard deduction" -- from my post). I think you're trying to correct something in my comment, but since I already mentioned the fact you posted, I think you must have misunderstood something, or I must have been unclear. Could you make it more obvious what your objection is?
- sys_64738 8y agoI'm not objecting to anything. Simply mentioning that the std deduction is 400$ more for 2019. Peace.