Our joint gross earnings for 2014 are $73,100. When we file taxes, we will file married jointly and our tax rate on that income should be 15%. We each have an IRA ($201,000 & $20,100). We are retired, disabled & 64 yrs old. We want to take all of our IRA monies out when we file our 2014 taxes soon. What tax rate will be assessed on the IRA withdrawals?

That would be very foolish, as your taxable income would be the amount of the IRA withdrawal plus any other income making you pay a much higher tax rate not 15%. That is if it is not a ROTH IRA. A taxable income of approx. 300,000

To begin with, you would be taxed on your 2015 tax return. It is too late to withdraw and be taxed on your 2014 tax return.

HOW is your $73,100 broken down: wages, Social Security, pensions?