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> there is no progressive taxation for capital gains (I know this is not your main point, but) short-term capital gains are taxed at the same rate as ordinary
by evanpw 8y ago
> there is no progressive taxation for capital gains
(I know this is not your main point, but) short-term capital gains are taxed at the same rate as ordinary income, and long-term gains have three brackets (0%, 15%, and 20%).
- dahdum 8y agoGoes up to 23.8% federal due to ACA, along with 13.3% CA state tax for long term capital gains. Just about the highest in the developed world IIRC.