Jump to content

User:Dafc-i-just-read/sandbox

From Wikipedia, the free encyclopedia

Capital gains taxes

[edit]

The amount you pay in taxes for long term investments, investments that span over a year long term, and short term investments such as those that are below a year are different. The long term investments range from Zero to twenty percent for capital gains and they are regulated by what tax bracket you are in for income taxes. For the zero to fifteen percent income tax bracket you could qualify for the zero percent long-term capital gains rate. The next bracket is the fifteen to twenty percent income tax bracket where you are set at fifteen percent capital gains tax for long term investments. The next bracket is between twenty and 39.6 percent and that leads to a twenty percent capital gains tax however with these numbers you should add 3.8 percent for the health care surtax. The short term capital gains tax is also related to your total taxable income and is taxed at the same rate as your income and ranges from ten to 39.6 percent.[1]

  1. ^ "Guide to Short-term vs Long-term Capital Gains Taxes (Brokerage Accounts, etc.)". Intuit Turbo Tax. Turbo Tax. Retrieved 19 November 2015.