3 ms·
Looks like it's over 50% for regular income, but for long-term capital gains the top rate seems to be about 37%: 20% federal 3.8% net investment income tax
by skybrian 11mo ago
Looks like it's over 50% for regular income, but for long-term capital gains the top rate seems to be about 37%:
20% federal
3.8% net investment income tax
13.3% California
I do what I can to lower my tax bill, but in the end I take a philosophical attitude: if I'm paying more taxes, that's a sign I'm making more money.
- monero-xmr 11mo agoIf I’m paying more taxes, it’s a sign the state is spending beyond its means
- skybrian 11mo agoI don't see the connection.
- adastra22 11mo agoFrom a California perspective, there is no discount for capital gains. It is all taxed as income.
- skybrian 11mo agoYep. But they had to include federal to get above 50%, so that's clearly not the calculation they were doing. For federal + California, it does matter.