how much i have to pay for short and long term capital gains in stock?

Question

im in nyc and in the 33% tax bracket. so what is the rate for me in the short and long term capital gains for stocks? thx in advance.

Answer 1

The 25% capital gains rate is only for unrecaptured Sec. 1250 gain. this means that if you've depreciated real property that you must recapture that portion of your gain at a maximum rate of 25%.

15% is the usual long term capital gains rate. There is a 28% rate that applies to collectibles. The long term capital gains rate for people in the 10% or 15% brackets is 5% (0% beginning in 2008).

Short term gains are taxed at the taxpayer's marginal rate.

Answer 2

There is no 33% bracket. There are 28% and 35%.

Short term gains are at your marginal rate.

The long-term rate is normally 15% but can be 5% if your marginal rate is 15% or 25% if your marginal rate is 28% or higher. It's a common misconception that it's 15% for everyone; it's not.

Answer 3

Short - 33% (your marginal rate)
Long - 15%

Answer 4

long-term good points are extra desirable than a 365 days. short-term good points are equivalent or decrease than a 365 days. the rationalization for the excellence between long-term and short-term are the earnings tax implications. short-term good points are taxed on the conventional earnings tax fee, only as your earnings much less deductions. mutually as long-term good points have a lesser tax fee than hardship-free earnings and short-term good points. The tax expenses for the two varieties of excellent points rely on your tax bracket. .