Reply to How to Kushner my taxes?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I retired four years ago, at 53, with about $5 million in investments.  I haven't paid a dime in federal taxes since.  [/quote]

How do you do this? Invest in only fed tax free bonds? Never sell anything with cap gains that you don't have losses to put against? [/quote]

Not the pp, but two easy ways retirees can pay no fed taxes:  Roth IRA withdrawals and selling stocks with capital gains.  Even if you dont have enough losses, you can still pull a pretty big chunk out with long term gains if you are a married couple.  Playing around with taxcaster, if you are a married couple, no other sources of income, you can withdraw $96,000 of gains (so that is not cincluding the return of your capital) and not owe any fed tax.[/quote]

I just went to TaxCaster and, in a very quick hypothetical scenario, it appears that the above info is accurate. 
So here’s my question for the PP (above) or other tax return expert, how does $96K in Long Term Capital Gains not trigger a tax for a married couple filing jointly? That seems like an awful lot of gains for no tax due. [/quote]

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