3 ms·
Long-term capital gains hasn't been 15% for a long time. We can thank Obama for that. Furthermore, in any state that's remotely desirable to live in, you can th
by SeoxyS 9y ago
Long-term capital gains hasn't been 15% for a long time. We can thank Obama for that. Furthermore, in any state that's remotely desirable to live in, you can throw in another 10-13% on top of those 20% capital gains.
US taxes are absurdly complex and expensive. The upside is that the system can be fairly easy to game / optimize.
- plandis 9y agoLong term capital gains are 20% if you're in the top tax bracket (making a little under $500k/yr) so I doubt you'll find many people being sympathetic there. It's 15% on long term gains for the majority of people.
- seanmcdirmid 9y agoLong term capital gains is 15% until you hit a super high income tax bracket. Many states lack capital gains taxes at all (e.g. Washington, which I find very livable). Thanks Obama.