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Originally Posted by
ZeeBabar
MWP....I like you but don’t get the point of it. What sorts of responses are you looking for? Tax or BJ?
Zee, I was just rambling on about what was on my mind this time of year, taxes and snow. I wasn't looking for any particular type of response.
I did drop preliminary numbers into my tax worksheet for 2019. Hell, I'm shocked to find that the value of my investments has increased by over $96,000 from Dec 31st of last year. Now I'm worried I might be in a higher income tax bracket. It is going to be a real close call. I wanted to remain in the zero percent capital gains bracket, and I'm hoping most of those huge mutual fund gains are not realized capital gains by the mutual fund companies and not distributed in 2019.
Funny thing is I took $12,000 from my 401(k) for 2019, but the value of my 401(k) still increased by $17,000 from Dec 31st of last year.
I'm glad I didn't have a great year at blackjack for 2019. If I did, I would surely be in the next income tax bracket. I always plan on having enough taxes withheld during the year to cover a $10,000 blackjack win, and this year I was lucky enough to be quite a bit below that.
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