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Here's an example: A married taxpayer filing jointly with wage income of, say, $400,000 plus long-term capital gains of $200,000 will pay a 15% income tax rate on the first $57,600 of long-term ...
But when you sell those winning investments, you'll usually have to pay tax on the resulting capital gains. Although the 2014 capital gains tax isn't changing dramatically from last 2014 Capital ...
The 2014 capital gains tax rates already include a little bump -- those in the highest tax bracket used to pay 15% for long-term gains, but that has been raised to 20%. There's also a 3.8% net ...
From 1998 through 2017, tax law keyed the tax rate for long-term capital gains to the taxpayer's tax bracket for ordinary income, and set forth a lower rate for the capital gains. (Short-term capital gains have been taxed at the same rate as ordinary income for this entire period.) [ 16 ] This approach was dropped by the Tax Cuts and Jobs Act ...
Proposition 2, also known as Prop 2 or Changes to State Budget Stabilization Fund Amendment, was a 2014 California ballot proposition that would require 1.5% of general fund revenues and a number that is equal to revenues that come from capital gains-related taxes when those tax revenues exceed 8% of general fund revenues to be put into the ...
The top marginal long term capital gains rate fell from 28% to 20%, subject to certain phase-in rules. The 15% bracket was lowered to 10%. The 15% bracket was lowered to 10%. The act permanently exempted from taxation the capital gains on the sale of a personal residence of up to $500,000 for married couples filing jointly and $250,000 for singles.
That's never more true than when it comes to myths about capital gains -- especially given the new, higher rates for capital gains tax in 2014. Check out these five common myths. Myth No. 1 ...
With the stock market up 30% in 2013, you likely have some capital gains if you owned mutual funds or sold any stocks during the year. There were some big changes between Capital Gains Tax Rate ...