Hypothetically, if I were about to cash out 1 million from the long-term stock investment (holding for at least 5 years), what is the best way to pay less tax?
Let's say if I quit my job, will that help? Since I will not get any W2 or get very small amount of income like 20K, and my ordinary tax rate less than 15 percent so that I will pay 0 tax on long-term investment capital gain.
Does that make sense or I am totally wrong? Many thanks!