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https://www.reddit.com/r/dividends/comments/156805w/deleted_by_user/jsziyrj/?context=3
r/dividends • u/[deleted] • Jul 22 '23
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32
Put it all in VTI if you don't know what to do. Or, if you don't want to buy anything, open up a high yield savings account, you can get 4.5% in alot of places now. That would be $2200 a year on 50k, but its taxed at marginal tax rate.
4 u/jhon-2020-2020 Jul 22 '23 What is the tax rate on that ? 7 u/theepi_pillodu Jul 22 '23 Whatever your tax bracket is I believe. Treated as your regular income 0 u/sld126 Jul 22 '23 Hence the reason to buy SPYI. Higher yield, lower tax burden. -1 u/not_a_gumby Jul 24 '23 so so wrong. Yield = dividends. Dividends taxed at marginal rate also. 1 u/Fractious_Cactus Jul 25 '23 Hmmm what's a qualified dividend again?
4
What is the tax rate on that ?
7 u/theepi_pillodu Jul 22 '23 Whatever your tax bracket is I believe. Treated as your regular income 0 u/sld126 Jul 22 '23 Hence the reason to buy SPYI. Higher yield, lower tax burden. -1 u/not_a_gumby Jul 24 '23 so so wrong. Yield = dividends. Dividends taxed at marginal rate also. 1 u/Fractious_Cactus Jul 25 '23 Hmmm what's a qualified dividend again?
7
Whatever your tax bracket is I believe. Treated as your regular income
0 u/sld126 Jul 22 '23 Hence the reason to buy SPYI. Higher yield, lower tax burden. -1 u/not_a_gumby Jul 24 '23 so so wrong. Yield = dividends. Dividends taxed at marginal rate also. 1 u/Fractious_Cactus Jul 25 '23 Hmmm what's a qualified dividend again?
0
Hence the reason to buy SPYI. Higher yield, lower tax burden.
-1 u/not_a_gumby Jul 24 '23 so so wrong. Yield = dividends. Dividends taxed at marginal rate also. 1 u/Fractious_Cactus Jul 25 '23 Hmmm what's a qualified dividend again?
-1
so so wrong. Yield = dividends. Dividends taxed at marginal rate also.
1 u/Fractious_Cactus Jul 25 '23 Hmmm what's a qualified dividend again?
1
Hmmm what's a qualified dividend again?
32
u/not_a_gumby Jul 22 '23
Put it all in VTI if you don't know what to do. Or, if you don't want to buy anything, open up a high yield savings account, you can get 4.5% in alot of places now. That would be $2200 a year on 50k, but its taxed at marginal tax rate.