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Or is your tax bracket calculated prior to these gains?
What about short term capital gains?

2006-07-24 04:32:53 · 2 answers · asked by nebulasleuth 2 in Business & Finance Taxes United States

2 answers

Long term capital gains are taxed at 15% and do not affect your marginal bracket. Short term CGs are taxed as ordinary income and will affect your marginal rate.

2006-07-24 04:37:31 · answer #1 · answered by Bostonian In MO 7 · 3 0

If you tax rate is 10 or 15%, your long term capital gains rate is generally 5%. If you tax rate is over 15%, you long term capital gains rate is 15%. This figured separately from the rest of your income.

Short Term Capital Gains are taxed at your regular tax rate and are included in your income.

2006-07-24 04:46:45 · answer #2 · answered by kny390 6 · 0 0

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