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> Taxes are high and getting higher What if you're retired and have no taxable income, only financial gains from some investment portfolio?
by tromp 3y ago
> Taxes are high and getting higher
What if you're retired and have no taxable income, only financial gains from some investment portfolio?
- wrp 3y agoAre you assuming no pension payments, just living off your capital? I doubt there is such a thing as non-taxable income. Also remember income tax isn't the only kind. How about property, VAT, automobile, etc.?
- tromp 3y agoYes, assuming no pension payments, i.e. someone who has yet to reach retirement age. > Also remember income tax isn't the only kind. How about property, VAT, automobile, etc.? My question is about the yearly national/federal+state taxes. Ignore consumer taxes.