@aryals wrote:
All of our income is investment income, most from capital gains.
Taxes on taxable income when Capital Gains are included are calculated using the Qualified Dividends and Capital Gains Worksheet, not the tax tables.
Go to this IRS website for the Form 1040 Qualified Dividends and Capital Gains Worksheet - https://www.irs.gov/pub/irs-pdf/i1040gi.pdf#page=36
