2 ms·
> I assume that plus whatever regular income tax for his bracket is No. Capital gains aren't income.
by beardicus 9y ago
> I assume that plus whatever regular income tax for his bracket is
No. Capital gains aren't income.
- manigandham 9y agoYes they are. Ordinary income = salary/wages, bonuses, commissions, etc. Capital gains are income, but short-term (within a year) are taxed at ordinary income rates, while long-term (greater than a year) are charged at special capital gains tax rate.