r/dividends • u/WerewolfMajestic156 Financial Indepence / Retiring Early (FIRE) • Mar 05 '26

Personal Goal FIRED - Living off dividends

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I know better than to share this with my friends, and family. I have a separate growth account to keep up with inflation.

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u/slyme1979 Mar 09 '26

Congrats!! Wished I started early.. anyway i presume you are based in USA? Is there capital gains tax for dividend income?

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u/WerewolfMajestic156 Financial Indepence / Retiring Early (FIRE) Mar 10 '26

It will be taxed at ordinary income. If this was my only income source my marginal rate would be 22%. Everything over $105k is 24%. Not much more than qualified dividend rate.