Let's start by breaking down taxability of each item.
- Interest is taxed as ordinary income.
- Ordinary dividends are taxed as ordinary income but, the qualified portion of the dividends is taxed as long term capital gains.
- Capital gains are taxed as either ordinary income if sold within 12 months of purchase date (short term) or as Long Term capital gains taxed at the lower rate if held greater then 12 months.
The next issue is what determines what tax bracket we are in:
First you add up all income including the capital gains and then you subtract your standard deduction or itemized deductions whichever is greater. You can go to Intuits tax bracket calculator to see where you fall using this link Tax Bracket Calculator
Based on your example you stated that you would have income of roughly (80,000+75,000)= $155,000 you would then deduct 2022 standard deduction or $25,900 or itemized if higher. Thus your taxable income would be $129,100 which if you look at tax bracket calculator you would be paying tax at a rate of 22% on ordinary income and 15% on long term capital gains. To get the best estimate of tax you can go to intuits tax caster using this link and put your actual numbers in and use different numbers for projections. Taxcaster
I hope that helps.
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