always a ton of insight w folks here!!!!
question: if i have 1.5mil and have a dividend portfolio paying 4%.. that's 60k/year.
if i leave the principal intact and only take the dividends of 60k, then my taxes on this 60k is only 15% since i held the prinicpal for long time... is this correct? dividends are taxed at 15% only.. rite?
therefore if 20k in social security, 22k in pension, and 60 in dividends.. then my taxes would be
15% on 60k and whatever taxes on 22k in pension? or does all 102k gets lumped and taxed together at it's own rate?
thank you
question: if i have 1.5mil and have a dividend portfolio paying 4%.. that's 60k/year.
if i leave the principal intact and only take the dividends of 60k, then my taxes on this 60k is only 15% since i held the prinicpal for long time... is this correct? dividends are taxed at 15% only.. rite?
therefore if 20k in social security, 22k in pension, and 60 in dividends.. then my taxes would be
15% on 60k and whatever taxes on 22k in pension? or does all 102k gets lumped and taxed together at it's own rate?
thank you
Statistics: Posted by wdyboggle — Fri May 17, 2024 2:14 pm — Replies 4 — Views 384