How Much Tax Does One Pay of Stock Profit in US.??

Question

If one has an income of $850,000 and owns stocks what is the:
-short-term capital gain%
-short-term capital loss%
-long-term capital gain%
-long-term capital loss%

I live in Pennsylvania so does anyone know what the total will be including state tax% for profit.

Answer 1

PA will be 3.07% tax on net profits. Net losses are not deductible.

Federal - short term is at your bracket, which at that income would likely be 35%. Long term would be 15%.

If one has an income of $850K a year, I'd think that one would know these things and not have to ask here.

Answer 2

Judy is correct.

Also, with income at that level, use a CPA. A competent CPA will probably save you more money than their fees will cost.