Our Effective Federal Tax Rate Was 1.4% In 2022; Here’s What Made That Possible

Posted on by Cassidy Cornblatt

I was recently working on our taxes for 2022, and it looks like our effective federal tax rate was 1.4% (about 6% if you include Social Security and Medicare taxes). According to the Tax Policy Center, the average effective federal tax rate in 2021 was 8.1% (14.7% including payroll taxes), so our rate appears quite … Continue reading Our Effective Federal Tax Rate Was 1.4% In 2022; Here’s What Made That Possible

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How To Calculate Taxes On Stock Capital Gains With Examples

Posted on by Cassidy Cornblatt

I was recently attempting to determine the best time to sell some of my stocks based on capital gains tax rates. I knew that you generally want to wait to sell until after holding for at least one year to take advantage of lower tax rates for long-term capital gains, but I was unsure how … Continue reading How To Calculate Taxes On Stock Capital Gains With Examples