3 ms·
If you're doing short term cap gains then you have to report as regular income. If you have over $526,443 in taxable income in California then your total income
by econner 9y ago
If you're doing short term cap gains then you have to report as regular income. If you have over $526,443 in taxable income in California then your total income tax rate is actually 51.9% (39.6% federal, 12.3% state).
- yellow_postit 9y agoIs there additional time pressure based on the possible tax reform being pushed through Congress? As in does this deal become much worse/better for employees with the new code?
- econner 9y agoHard to tell. The new tax plan is supposed to get rid of AMT which could be good for exercising options, but it also might get rid of the SALT deduction which would be pretty bad for CA taxpayers. Hard to say for sure.