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Jose's income already rises into the 24% tax bracket, and during the tax year he earns money in his Think or Swim Roth IRA: -

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Jose's income already rises into the 24% tax bracket, and during the tax year he earns money in his Think or Swim Roth IRA: - 1. Dividend Income =$991 - 2. Corporate Bond Interest =$791 - 3. Bought a bond for $985.00 in July and sold it for $1,015 in September (same year) - 4. Sold shares during the tax year for $20,250 having purchased them years earlier for $10,048 How much will Jose owe in federal income tax this year? He is twenty-seven years old and he plans to retire in forty-one years

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