Search found 5 matches

by Gatorbyter
Tue Jun 30, 2020 6:19 pm
Forum: General questions and comments
Topic: FRP Taxes (Need to Compute Taxes Paid each Year)
Replies: 11
Views: 2149

Re: FRP Taxes (Need to Compute Taxes Paid each Year)

@target2019 The column entitled After Tax Income indeed does sum the pre-tax inputs entered as Additional Inputs and does implicitly include a reduction for paid taxes in the year the income was received. So to compute how much the reduction is (i.e., taxes paid on that taxable income), we can compu...
by Gatorbyter
Tue Jun 30, 2020 6:44 am
Forum: General questions and comments
Topic: FRP Taxes (Need to Compute Taxes Paid each Year)
Replies: 11
Views: 2149

Re: FRP Taxes (Need to Compute Taxes Paid each Year)

So if I understand you correctly, there are 4 components that must be summed to determine total annual taxes paid: Tax Paid (yearly) = Taxes on Portfolio Growth + Taxes on RMD + Taxes on Withdrawal + [ Tax on Taxable Income (see below) ] where Tax on Taxable Income = Taxable Income - After Tax Incom...
by Gatorbyter
Mon Jun 29, 2020 7:59 pm
Forum: General questions and comments
Topic: FRP Taxes (Need to Compute Taxes Paid each Year)
Replies: 11
Views: 2149

Re: FRP Taxes (Need to Compute Taxes Paid each Year)

Oh I see. Thanks for clarifying what isn't readily available in columned data. I do think improving tax reporting would be useful though. There are certainly other columns that are not nearly as important (IMO).
by Gatorbyter
Mon Jun 29, 2020 5:23 pm
Forum: General questions and comments
Topic: FRP Taxes (Need to Compute Taxes Paid each Year)
Replies: 11
Views: 2149

Re: FRP Taxes (Need to Compute Taxes Paid each Year)

Jim, I will send you a request by email for the beta version fix on taxes computed on portfolio growth. Look for it please. But that alone doesn't really answer my question. How can I compute a Total Taxes Paid for each year from the other columns? Is it as simple as Taxes on Portfolio Growth + Taxe...
by Gatorbyter
Mon Jun 29, 2020 3:35 pm
Forum: General questions and comments
Topic: FRP Taxes (Need to Compute Taxes Paid each Year)
Replies: 11
Views: 2149

FRP Taxes (Need to Compute Taxes Paid each Year)

Jim/Gentlemen, I am in the process of benchmarking my FRP model results against the Optimal Retirement Planner (ORP) which I have previously used for years but wanting to branch out a bit. Obviously there are a few differences between the two models/applications, but I am specifically having compari...