Wade Pfau style tax map
A Tax Map helps to visualize how different income sources interact within the tax system.
Analyze the key factors affecting federal income taxes, including ordinary and preferential income tax rates.
See how income impacts the taxation of Social Security benefits, Medicare premium surcharges, and the net investment income surtax.
Can use a Tax Map Calculator to assess the tax consequences of generating additional taxable income, such as through Roth conversions.
Look for strategies for identifying opportunities to make Roth conversions at acceptable tax levels using real-world examples.
I this example we trace "Taxable Social Security Amount", "Gross Income", "Effective Tax Rate" and "Blended Marginal Tax Rate" for a Single 65 year old with 30K in Social Security income and increasing amounts of IRA income starting at 10K and going up in 10K increments until it reaches 700K.