Search found 1493 matches

by gilgamesh
Sat Jun 01, 2019 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

I have to say this now...you are hiding behind numbers :D I’ve been on healthcare field for 25 years, and thus have been away from numbers for too long. When I left, I was contemplating how I could make sense of time derivative of charge being current with relativity ...the World Wide Web was barel...
by gilgamesh
Thu May 30, 2019 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

I think the definition of marginal tax rate of $1 and others is at least equally distributed. Does anyone still disagree with this? I get 14K hits on Google for "marginal tax rate" "next dollar" and 17.6K hits for "marginal tax rate" "last dollar". I'll concede equal distribution if you can approac...
by gilgamesh
Thu May 30, 2019 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

Of course I see the the area you circled, but other than the underlying change in tax brackets @ 400k, can you tell me why the second order derivative is non-zero. If there’s just the linear change in 199A deduction over the phase-out range, y would there be a non-zero second derivative if not for ...
by gilgamesh
Wed May 29, 2019 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

Of course I see the the area you circled, but other than the underlying change in tax brackets @ 400k, can you tell me why the second order derivative is non-zero. If there’s just the linear change in 199A deduction over the phase-out range, y would there be a non-zero second derivative if not for t...
by gilgamesh
Wed May 29, 2019 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

It’s been a while since I’ve discussed matters on this fashion, so I’m rusty...but isn’t a non-zero second order derivative from 199A possible just from the fact the underlying tax bracket changes within the phase-out? P.S: It’s been too long for me to check on the exact computation, I can only hold...
by gilgamesh
Wed May 29, 2019 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

199A phase out is linear, 1% to $5k for MFJ. As in it is the full 20% deduction at $315k for 2018 and 0% @ $415k. So the deduction itself is linear. 10% deduction at $365k. If deduction is based off of taxable income for MFJ (it is lesser of taxable income or QBI) it gets interesting. If all else is...
by gilgamesh
Wed May 29, 2019 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

I personally prefer to leave the wiki pages as it is, rather than going with $100 or $1000 marginal rate definition, exclusively. I’m fine with $1, I’m fine with appropriate range. But, limiting it based on rounding errors and tax tables of USA sounds so wrong (for reasons mentioned previously). Of ...
by gilgamesh
Wed May 29, 2019 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

The reason to average them out is to simplify the definition as much as possible. It is tedious as it is, without going into chunks. I'm not convinced averaging the number is the right way of thinking about how much to contribute to a Roth vs Traditional account. I think the correct way to think ab...
by gilgamesh
Wed May 29, 2019 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

I think the definition of marginal tax rate of $1 and others is at least equally distributed. Does anyone still disagree with this? I get 14K hits on Google for "marginal tax rate" "next dollar" and 17.6K hits for "marginal tax rate" "last dollar". I'll concede equal distribution if you can approac...
by gilgamesh
Wed May 29, 2019 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

However the optimal contribution amount may traverse multiple marginal rates. In those instances, the term ‘Marginal tax rate’ is still used to measure at the margin the impact of making a certain change or implementing a certain strategy, by evaluating the tax obligation in scenario A, and scenari...
by gilgamesh
Wed May 29, 2019 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

However the optimal contribution amount may traverse multiple marginal rates. In those instances, the term ‘Marginal tax rate’ is still used to measure at the margin the impact of making a certain change or implementing a certain strategy, by evaluating the tax obligation in scenario A, and scenari...
by gilgamesh
Wed May 29, 2019 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

If everyone is ok with using effective/average for parts of one’s income, and If, there is no overwhelming reasons, based on current usage to change the current boglehead wiki definition... then this is my second draft of the definition trying to be as amicable to Boglehead wiki older definition. .I...
by gilgamesh
Wed May 29, 2019 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

Now I’ll wait for responses before proceeding further (the way this thread has progressed, I’m not holding on to much hope here :D )...would like to know what others think of the usage of average/effective rate for parts of one’s income. Secondly whether anyone still thinks one of ‘$1 vs small vs la...
by gilgamesh
Wed May 29, 2019 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

Because it’s not encompassing (as much as possible) of the definitions out there. Please provide some references for the other definitions out there. https://www.cbo.gov/publication/54911 “The marginal federal tax rate on labor income is the percentage of additional income an individual earns that ...
by gilgamesh
Wed May 29, 2019 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

The issue with using words like ‘average’ and ‘effective’, as far as I understand the issue is, they typically apply to a person’s entire income - so, if we are sticking g to conventional usage one cannot use ‘average/effective’ to parts of one’s income...however , mathematically for R vs T, if the...
by gilgamesh
Wed May 29, 2019 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

Is anything wrong with what I wrote above? Anyone want to give their own, around this framework or similar. The final draft obviously needs examples of each situation so everyone would understand. How about something simple: DEFINITION The marginal tax rate is the tax rate paid on the next dollar o...
by gilgamesh
Wed May 29, 2019 5:10 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

DEFINITION (first draft) Marginal tax rate is the tax rate that will apply to the next marginal – or incremental – amount of income (or deductions). It is calculated by dividing the amount of additional taxes that will be due (or reduced) by the amount of income involved. Marginal tax rates are use...
by gilgamesh
Tue May 28, 2019 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

Say a flat tax rate of 12% and no other credits etc., my income is $24,231...that’s a tax of $2907.72...but, taxes are only reported in whole numbers. Should we change the definition of the flat tax ‘rate’ now, because the answer had to be rounded off? Rounding errors are part of any tax calculation...
by gilgamesh
Tue May 28, 2019 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

I’m unable to look back, I cannot login with my forum credentials...can you cut and paste it here? To see prior versions, click on the View history tab in the top-right corner of every wiki page. Note: This tab is not visible on a mobile device. You only need login credentials to edit the wiki, whi...
by gilgamesh
Tue May 28, 2019 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

DEFINITION (first draft) Marginal tax rate is the tax rate that will apply to the next marginal – or incremental – amount of income (or deductions). It is calculated by dividing the amount of additional taxes that will be due (or reduced) by the amount of income involved. Marginal tax rates are used...
by gilgamesh
Tue May 28, 2019 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

Just to remind everyone, what the current boglehead wiki says about the definition “Marginal tax rate is a tax rate, at the margin, on the last dollar of income.” https://www.bogleheads.org/wiki/Marginal_tax_rate It’s reference, a Kitces article :D The current boglehead wiki on R vs T, always left ...
by gilgamesh
Tue May 28, 2019 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

Just to remind everyone, what the current boglehead wiki says about the definition “Marginal tax rate is a tax rate, at the margin, on the last dollar of income.” https://www.bogleheads.org/wiki/Marginal_tax_rate It’s reference, a Kitces article :D The current boglehead wiki on R vs T, always left m...
by gilgamesh
Tue May 28, 2019 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

Where are we with regard to reaching consensus on a definition of marginal? I still favor the "small" change definition, with "average" applying to rates on larger incremental contributions as in the Irregular Marginal Rates example. I believe FiveK and gilgamesh at one time favored the "any size" ...
by gilgamesh
Tue May 28, 2019 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

To be clear, when I say small I'm specifically excluding rounding errors and tax table quantization. As has been pointed out, it's not practically possible to optimize taxes around these effects, and over a small range they average out to the "local" marginal rate. T Yes, we agree that using $1 (wh...
by gilgamesh
Tue May 28, 2019 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

Where are we with regard to reaching consensus on a definition of marginal? I still favor the "small" change definition, with "average" applying to rates on larger incremental contributions as in the Irregular Marginal Rates example. I believe FiveK and gilgamesh at one time favored the "any size" ...
by gilgamesh
Tue May 28, 2019 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

Where are we with regard to reaching consensus on a definition of marginal? I still favor the "small" change definition, with "average" applying to rates on larger incremental contributions as in the Irregular Marginal Rates example. I believe FiveK and gilgamesh at one time favored the "any size" ...
by gilgamesh
Tue May 28, 2019 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

To be clear, when I say small I'm specifically excluding rounding errors and tax table quantization. As has been pointed out, it's not practically possible to optimize taxes around these effects, and over a small range they average out to the "local" marginal rate. Yes, we agree that using $1 (whet...
by gilgamesh
Tue May 28, 2019 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Can I deduct a loss for non-paying patients?
Replies: 48
Views: 3545

Re: Can I deduct a loss for non-paying patients?

Are you saying Medicare denies legitimate charges? I am on Medicare and have never encountered such a thing. He is saying that Medicare pays very little for the services provided to their members (commercial payers make up the difference for low Medicare payments), not that they don't pay. No, he I...
by gilgamesh
Mon May 27, 2019 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: M/39/Single - need to take a career break to address mental health; looking for advice on provided financial situation
Replies: 33
Views: 4035

Re: M/39/Single - need to take a career break to address mental health; looking for advice on provided financial situati

Your monthly figures will look so much better if you were the renter. Mental health is super important, but that’s linked to financial stress. For me, the condo would be it.
by gilgamesh
Mon May 27, 2019 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Can I deduct a loss for non-paying patients?
Replies: 48
Views: 3545

Re: Can I deduct a loss for non-paying patients?

You've already gotten the deduction: you never received the income and therefore won't be taxed on it. Yup. That's it. Well put. gasdoc +2. You didn’t pay tax on income you never received. You’ve deducted your biz expenses from any income you did receive. Any further deduction is double dipping. I ...
by gilgamesh
Mon May 27, 2019 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Can I deduct a loss for non-paying patients?
Replies: 48
Views: 3545

Re: Can I deduct a loss for non-paying patients?

You've already gotten the deduction: you never received the income and therefore won't be taxed on it. Yup. That's it. Well put. gasdoc +2. You didn’t pay tax on income you never received. You’ve deducted your biz expenses from any income you did receive. Any further deduction is double dipping. I ...
by gilgamesh
Mon May 27, 2019 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki artic

But isn’t the withdrawal tax rate that will be used to compare, heavily dependent on predicting the investor’s future in every single case? Most people's incomes generally rise with inflation or something close to it. Those that expect a single large increase in the future should take that into acc...
by gilgamesh
Sun May 26, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki artic

There are also cases where one should look into the future to determine the optimal strategy. Take for example a pre-med student, whose current marginal rate is 12% and who doesn't have anything in his 401k. That means each dollar contributed to a Roth would be taxed at 12%, but would be taxed at 0...
by gilgamesh
Sat May 25, 2019 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

CBO defines the term for us: CBO periodically analyzes two alternative measures of tax rates that are affected by many of those provisions: the average tax rate and the effective marginal tax rate. CBO’s measures of effective tax rates, however, vary by type of tax unit and form of income. The effe...
by gilgamesh
Sat May 25, 2019 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

The Congressional Budget Office'(CBO) definition of effective marginal tax rate agrees with Kevin´s. It is also the one used by the National Bureau of Economics TaxSim calculator, which is widely used by tax policy decision makers. Kevin´s definition is the correct one for making operational decisi...
by gilgamesh
Sat May 25, 2019 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki artic

There are also cases where one should look into the future to determine the optimal strategy. Take for example a pre-med student, whose current marginal rate is 12% and who doesn't have anything in his 401k. That means each dollar contributed to a Roth would be taxed at 12%, but would be taxed at 0...
by gilgamesh
Thu May 23, 2019 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki artic

I suggest that the article says something such as: One should generally compare the marginal rate on each dollar of contribution versus the marginal rate on withdrawing that dollar when making a Traditional vs Roth decision. However, there are a few situations where that may cause an incorrect choi...
by gilgamesh
Thu May 23, 2019 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

Wiki start------------------------- Marginal tax rate in retirement In general, most retirees have the same or lower marginal tax rate than when they were working, and thus should prefer a Traditional account to a Roth if the options are comparable. When you retire, you will only pay tax on income ...
by gilgamesh
Thu May 23, 2019 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

I think it would be worthwhile to have the Marginal Tax Rate article explicitly mention the possibility of marginal rates that are greater than 100% (i.e. $100 in additional income results in more than $100 in additional tax). There may be several ways this can happen, but the only example of this ...
by gilgamesh
Thu May 23, 2019 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

First and foremost. I am not arguing...I thought the thread asked for feedback and thought Ill give mine...I don't wont to pester. Some who retire before they are eligible for Medicare, do control retirement income to qualify for ACA subsidy. I thought I fixed the LTCH...it was supposed to say LTCG...
by gilgamesh
Thu May 23, 2019 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

Wiki start------------------- Marginal tax rate now Your marginal tax rate now is relatively easy to determine. It is not necessarily your tax bracket, because of phase-ins and phase-outs of tax benefits; see Marginal tax rate for a more detailed explanation. You can ask your accountant, or use tax...
by gilgamesh
Thu May 23, 2019 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

That is making a recommendation....I agree with what you are saying, but is the wiki giving recommendations on who should pick SEP? Should it also recommend simple IRA and 401k-SH only for multiple employees - many may prefer profit share, defined benefit even. I prefer to mention the options, what ...
by gilgamesh
Thu May 23, 2019 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

Wiki start------------------------- Marginal tax rate in retirement In general, most retirees have the same or lower marginal tax rate than when they were working, and thus should prefer a Traditional account to a Roth if the options are comparable. When you retire, you will only pay tax on income e...
by gilgamesh
Thu May 23, 2019 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

Wiki start------------------- Marginal tax rate now Your marginal tax rate now is relatively easy to determine. It is not necessarily your tax bracket, because of phase-ins and phase-outs of tax benefits; see Marginal tax rate for a more detailed explanation. You can ask your accountant, or use tax ...
by gilgamesh
Thu May 23, 2019 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

I pm'd OP previously and added the second sentence in the following part quoted below, but I feel like the first sentence is a bit ambiguous as it mentions SEP-IRA for self-employed with no employees, where as it is open for all. wiki start--------------------- For the self-employed with no other em...
by gilgamesh
Thu May 23, 2019 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

Wiki start------------ General guidelines "If you have inferior options in the 401(k), prefer an IRA to unmatched 401(k) contributions."............................................................. "Most investors benefit from having at least some money in traditional accounts." --------------------...
by gilgamesh
Thu May 23, 2019 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

I don't know whether the link provided is correct? wiki start-------------------- However, for other purposes (see below, Using the marginal rate), payroll taxes would need to be included. -----------------------wiki end. Well! when I cut and paste, the link disappeared. The word 'marginal rate' was...
by gilgamesh
Thu May 23, 2019 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 386
Views: 14304

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

wiki start------- Marginal return of additional income The marginal tax rate tells the taxpayer how much of each additional dollar they earn they get to keep. For this reason, those who can control how much income they earn might choose to work just up to the point that their marginal tax rate jumps...