If your income is only long-term capital gains, do you have to pay FICA taxes as well as Capital Gains Tax?

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2007-08-07 07:44:43 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States

No, FICA taxes only apply to wages and self-employment income. Those are both earned income, and long-term capital gains is unearned income.

2007-08-07 07:48:14 · answer #1 · answered by Anonymous · 2⤊ 0⤋

Long term capital gains are only subject to income tax upto 15%, no FICA is imposed.

2007-08-07 08:27:20 · answer #2 · answered by alikmal 2 · 1⤊ 0⤋

You don't pay FICA on capital gains.

2007-08-07 09:08:49 · answer #3 · answered by Judy 7 · 0⤊ 0⤋