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Aren't there states in USA with no income tax?
by HTTP418 4y ago
Aren't there states in USA with no income tax?
- sbierwagen 4y agoThere are US states with no state income tax, but the federal income tax still applies. LTCG ranges from 0 to 20%, but the 22% federal income tax bracket starts at $41,775 a year, depending on marital status. For any significant sum in the US, it's always going to be cheaper to book income as sales of stock held longer than a year than as ordinary income.