patrick.net

It's $89250 now for married filing jointly, $89,251 – $553,850 for 15%, 20% above that. It sounds to me like this is the case which is interesting as it surely will make people optimize the amount so they stay under the threshold, whichever one they are aiming for. There are still a few states without cap. gains tax, so if you move there and pay of all your running bills that you can (mortgage etc.) and prepay any other bills that allow it (rent, utilities), you could pretty much coast on little to no taxes while maximizing the value of your earned money. I'm surprised nobody on patnet is doing that yet and reporting on it.

The only problem here is that there's still a 30% collectibles tax on gold bullion. Unlike land and stocks (and possibly bonds depending on interest rate trends), gold is the most compact and non-taxed asset there is.

I prefer dividends, are better to manage. Have same treatment by tax as capital gain.

stereotomy says

The only problem here is that there's still a 30% collectibles tax on gold bullion. Unlike land and stocks (and possibly bonds depending on interest rate trends), gold is the most compact and non-taxed asset there is.

The second sentence contradicts the first.

REpro says

I prefer dividends, are better to manage. Have same treatment by tax as capital gain.

Wait, then why am I paying tax on these as ordinary income? I get a 1099 for them and it has to be added into gross income? No?

stereotomy says

The only problem here is that there's still a 30% collectibles tax on gold bullion. Unlike land and stocks (and possibly bonds depending on interest rate trends), gold is the most compact and non-taxed asset there is.

@stereotomy I see what you mean.

Gains on collectibles held for one year or less are taxed as ordinary income—the same tax treatment as short-term capital gains (STCGs). Gains on collectibles held more than one year are taxed as ordinary income, except the maximum collectibles tax rate is 28% (Sec. 1(h)(4)). The 28% maximum collectibles tax rate is sharply higher than the 15% long-term capital gain (LTCG) rate that applies to most other assets..

https://www.journalofaccountancy.com/issues/2015/jan/investing-in-gold-tax-considerations.html

Clearly someone prefers that you don't own gold.

The ultimate solution is a complete elimination of income tax and sales tax to be replaced with a land value tax instead, meaning Georgism.

ForcedTQ says

REpro says

I prefer dividends, are better to manage. Have same treatment by tax as capital gain.

Wait, then why am I paying tax on these as ordinary income? I get a 1099 for them and it has to be added into gross income? No?

Ordinary tax is for dividend from stock held less than required holding period or nonqualified (e.g., foreign corp.) dividend.
You may also have dividend in category as capital return (nontaxable at all).

You will begin to owe obamacare $ if your income is above $25,000 (I forget the exact figure).
I recall one year I owed $8000 for my Obamacare Bronze because I had too much income.
All of the good tax rates are disappearing in 2025.
I'm so pissed off about taxes; I guess I'm a kook and take it to an extreme maybe.
I can afford California but I won't go back.
I recommend 1. Max out Roth IRA 2. Max out Health Savings Account 3. Vanguard Tax Managed Capital appreciation fund 4. Variable Annuity if you can get one from TIAA or similar; Vanguard stopped selling them.
1-4 above have no required minimum distribution; my annuity contact says take payments after age 99.