How Do I Pay the Tax?

If you use a standard deduction and you're married, anything below about 102 ish. You will pay 12% in federal income taxes. The next bracket, any incremental dollar over the top of the 12% bracket, you pay 22%. That's a big jump, 12 to 22%, so if we assume it's $102,000 and I'm just making that number up, it's in the general range. It becomes very different because it's a lifetime tax bill that you're managing. And as you have already realized, you have options other than just draining after-tax assets.

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