How do I calculate the capital gains tax I have to pay on $28,000?

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How do I calculate the capital gains tax I have to pay on $28,000?

I'm taxed at a 30% bracket on my income taxes

2006-06-09 00:20:15 · 3 answers · asked by dabi72 1 in Business & Finance ➔ Personal Finance

3 answers

Believe the max on capital gains is 15% for long term more then one year for better infor go to:

2006-06-09 00:31:53 · answer #1 · answered by retired_afmil 6 · 0⤊ 0⤋

If you don't expect any big changes to last years income taxes compared to this year's (except for the $28,000), you can do an estimate of the total taxes that you have to pay by filing out Schedule D from the IRS and adding it to last year's tax return.

2006-06-09 13:02:38 · answer #2 · answered by Steve 6 · 0⤊ 0⤋

28,000.00 divide by 30 % = 8400.00

2006-06-09 07:23:26 · answer #3 · answered by Anonymous · 0⤊ 0⤋