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Withdrawal from IRA. Last year our taxable income was $35,285. If we earn the same amount this year, but take $30,000 from an IRA, what would we be looking at in taxes?
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Assuming no change in tax law, the additional $30,000 will be charged at a Federal marginal rate of 15% (MFJ), plus any applicable early withdrawal penalty, plus State taxes.
If you are also collecting Social Security, more of it may become taxable.
http://fairmark.com/general-taxation/reference-room/2017-tax-rate-schedules/
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