3 ms·
15% tax on $4M is only if you live in a state with no capital gains tax. In California it would be 15% + 9.3% = 24.3% - this makes a big difference. State by s
by jim-greer 16y ago
15% tax on $4M is only if you live in a state with no capital gains tax. In California it would be 15% + 9.3% = 24.3% - this makes a big difference.
State by state rates as of a few years ago: http://www.thereibrain.com/realestate-blog/2007/10/capital-gains-tax-rates-state-by-state/ http://www.thereibrain.com/realestate-blog/2007/10/capital-g...
Luckily, my take from the Kongregate sale was enough to be real FYM (though I enjoy running the site enough to want to keep doing it for a long time anyway).