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There are fewer than 10 states that don't tax capital gains at the same rate as ordinary income. Most states tax capital gains at the same rate as ordinary inc
by dmoy 7y ago
There are fewer than 10 states that don't tax capital gains at the same rate as ordinary income.
Most states tax capital gains at the same rate as ordinary income.
And then 10 states don't tax income at all.
- cookiecaper 7y agoSounds like a great reason to relocate to a state that is more reasonable about income taxes than CA.
- deleted 7y ago[deleted]
- dmoy 7y agoimo the cap gains treatment from CA is pretty normal compared to the majority of states. The part where CA chases your stock grants/options for years after you leave the state is a bit less reasonable to me. (But I'd guess some other states do the same)
- cookiecaper 7y agoRight, the taxation mechanism is typical, but it's the amount that's onerous. CA has the highest state income tax rate in the nation. If states are going to tax capital gains as income anyway, it's all the more reason to move to a state with low or non-existent state income tax.