MLM Passive Income
Capital Gains Rate Knowledge Base
Is the capital gains tax the same rate for all tax brackets? I know the capital gains rate "for the rich" will go up if the Bush tax cuts expire. Are there tax brackets for capital gains like for earned income, or will it go up for the rest of us too?
What would my capital gains tax rate be if I only made 10k in wages? If I make around 10k in wages this year and 75k in capital gains how much federal tax would I owe? I'm single with no dependents. What would my capital gains rate be? for long term capital gains
If a decrease in capital gains rate actually increases tax revenue, why does Obama want to raise it to 28%? It's currently 15%. Hillary said that if she would increase it she would increase only to 20%. Does Obama understand economics? 100 million people (79% Americans making below $100,000 income) own stock. Wouldn't an increase in capital gains rate burden the middle-class even more?
Does the tax bracket for capital gains rate get found using deductions ? I think if you are in lowest tax bracket you either pay 0% or 15% on short term capital gains. Does this bracket get found by looking at your income less deductions ? For example suppose my mortgage interest is larger than my regular income... does this mean I am in lowest tax bracket and get to use the 15% or 0% rate ?
If I sell vacant property in 2008, will be be able to take advantage of the lower capital gains rate? The lower capital gains rate laws that are due to expire in 2008, do they apply to real estate sales?
Long term capital gains rate for Nebraska? Can anyone tell me at what rate Nebraska state taxes long-term capital gains. This is for stock that has been held in excess of one year.
Why do so many YA liberals think the only people that benefit from the lower capital gains rate are all rich? Don't liberals have any investments or parents trying to live off of their investments in retirement? Its not just millionaires and billionaires that benefit from a 15% capital gains tax rate. Or were they not taught this little fact during Obama's class warfare speeches? scott: So typical! Thanks for helping me prove my point! You pick out one ultra rich guy and go SEE I TOLD YOU! How do you people remember to breath?
What is the Short term Capital Gains tax rate in Wisconsin? Looking into buying and selling a home for profit (flipping). Since selling within 2 yrs, I would need to pay short term capital gains. What is that tax rate in Wisconsin?
What are the current capital gains tax rate when flipping a house? Does anyone know what the current capital gains tax rate is when trying to flip a house? Is the tax rate dependent on the profit made on the sale? Say I "flip" a house this fall....do I have to declare the profit on my taxes come the end of the year? Any and all advice is much appreciated.
Are my recent dividend reinvestments taxed at the short term or long term capital gains tax rate? I have a regular brokerage account (not tax deferred). I bought a mutual fund a number of years ago, and over the years the dividends have been reinvested in the same fund. This year, I was advised to rebalance my portfolio, so I sold all of this mutual fund. Unfortunately, the last dividend reinvestments were within the last year. So the question is, does this reinvestment cause my entire mutual fund sale to be taxed at the long-term or the short-term capital gains tax rate? Or is the recent reinvestment portion short term and everything else long term? If so, what do I use for the tax basis for all of that? It's not the dividends I am asking about. It is the reinvestments of them. When I sold the mutual fund, all of the fund, including the reinvestments got sold. The question is, are each of the small little reinvestments taxed separately, or in one big lump?
2007 1040 tax instructions..."new for 2008: the 5% capital gains rate is going to be 0?"? Does that mean what I think it does? If one sells a house realizing cap gains no matter how much, there is NO tax? I know about the $250 K /3 year resident deal, which I guess continues. But the above would override that? No guessers please. I want knowledgable answers.
2008 Capital gains rate of zero just for domestic or also for foreign stocks? I am in the 15 percent tax bracket, and would like to sell some foreign stocks, but am worried that the lower rates may only apply to domestic shares.
Should we worry if the new president raises the capital gains rate? I don't know about everyone else but after this week, there probably are not many investors around that will show a gain in the next few years!
Capital gains tax rate for stock OPTIONS? What is the current tax rate (capital gains) on option profits for the 2007 tax year? An accountant me 15.00% but someone else told me 10.00% on gains.
What is the short-term capital gains tax rate percentage in Montana.? How much will Federal capital gains short-term capital gains taxes go up once Obama's plans are implemented? What's the capital gains tax rate in Australia and Canada.
If my federal income tax rate is 15% this year, what is the tax rate on my long term capital gains? And what is my short term capital gains tax rate? Different web sites are giving me different rates.
Ohio Capital Gains Tax Rate on Long-Term stocks? I live in Ohio and I'm going sell stock that I've held for over a year. Does anyone now the current Ohio state capital tax rate? I know the federal falls at 15% under my income. Thanks in advance for your help. Thanks for the help guys! Do you know if capital gains are taxed on the city level as well?
Does Obama really want to destroy the economy by raising the capital gains tax rate? Obama makes no bones about his plans to go on a tax rampage. Not only would he increase the capital-gains tax rate from 15 percent to as much as 28 percent, he wants to allow the 2001 and 2003 Bush tax cuts to expire in 2010, which effectively raises taxes on Americans by tens of billions of dollars. If you are concerned about your wealth and family's financial well-being. DO NOT VOTE OBAMA
How long do I have to hold a stock in order to qualify for the lower long term capital gains tax rate? I have a large portfolio of stocks that I bought several months ago and I have huge profits on paper. If I sell now, I will have to pay a 28% cap gains tax on it, so I am wondering how long I should hold these stocks in order to qualify for the much lower long term cap gains tax rate. Thanks for your help.
Why is the hardcore left complaining about Romney's 15% capital gains tax rate? The capital gains rate for low income people is zero %. http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States
Why do so many liberals think the only people that get to take advantage of the 15% capital gains tax rate are? Rich? Don't any of these people have a 401k or parents or friends that are investing? They spout off these talking points and act like the rich are screwing the rest of us by paying 15% on capital gains.
What are the capital gains tax rate for a foreigner non resident in the USA? CGT on the sale of shares on the NYSE. What is the IRS tax rate? Thanks. Hi what if you are not physically in the USA? Any idea on Obama's proposed Tax Rate?
What does the capital gains tax rate on businesses have 2 do with improving the economy? Easy 10 points for those of u who understand how businesses work...and make profit. Politics always plays a role in the rate of course...but I'm curious if anyone gets it or if most are oblivious. Once u answer the question truthfully then u may be able 2 figure out how damaging Obamas policies are on the overall economy.
What is a fair income and capital gains tax rate for the rich to pay? In 2006 the top 2% paid 60% of all income taxes but earned only 30% of the income. Shouldn't we lower their tax rate to make it more fair?
Why Do Libs Love Clinton Even Though He Reduced Taxes on Capital Gains Rate In 2007? If Clinton was responsible for the economy does that mean giving the rich tax break works? ooops I meant 1997. The Taxpayer Relief Act of 1997 (Public Law 105-34) reduced several federal taxes in the United States. Subject to certain phase-in rules, the top capital gains rate fell from 28% to 20%. The 15% bracket was lowered to 10%.
What is the capital gains tax rate for currency trading? I know that with stock trading, it's 28% and 15%, but I'm not sure what the rate is for currency trading profits. I heard that it's a bit confusing.
What is the capital gains tax rate for someone who make $1 million dollars strictly investing? is it 15%??? and what would be top marginal rate for someone who makes $100,000 working a job?
What's the reasoning in the Obama plan to raise the capital gains tax rate if the revenue collected is lower He wants to raise the rate from 15% to 28% even when told this would create less activity in the market and less revenue to the government. With his plan nobody wins but he says it's fair to stick it to the rich guy.
What is the current rate of paying capital gains on an investment home? What is the current rate of paying capital gains on an investment home? I may be selling a rental and need to know how much I will pay in taxes on profit.
Why do so many liberals think its unfair that capital gains are taxed at a lower rate than regular income? People are taking risk and investing in the economy is a good thing. There are no guarantees of profit. So whats so bad about being taxed at a lower rate on capital gains? Liberals act like its stealing. Brown: Free money? Yeah right. I bet you have nothing in the way of savings, am I right?
What is the rate of capital gains tax in 2008? Gary Dominicus? I just sold my parents house. What is the rate of capital gains tax this year? Gary Dominicus
What is the capital gains tax rate for a South Carolina resident in the lowest bracket? I guess I'm asking for the federal and state rates for short term stock trading.
If you make $32k a year, are in 15% bracket and sell capital gains do you qualify for 0% rate? Lets say someone is making around $32k a year and is thus in the 15% tax bracket and they then sell $10k of capital gains, for the purposes of the 0% capital gains tax rate do they still qualify for it, or does it move them into the 25% bracket with $42k in taxable income?
What is New York State Income Tax Rate For Capital Gains? I did my own taxes for the first time this year. Using tax software, I plugged in what my refund would be if I had no stock sales in 2006. BTW, my tax bracket is 15% and I'm in New York. Without Capital Gains: Federal Refund : $400 and State Refund : $1460 Capital Gains of only $4416. Federal : $260 (I owe) and State Refund : $1037 According to an online Capital Gains calculator I used, my Federal tax should be $662 (which explains why my refund went from $400 to minus $260). What I can't understand is why my State refund dropped so drastically.
What is the tax rate on silver bullion? Is it treated like a collectible (28%)? Or 15% capital gains tax rate? I have heard conflicting reports about the tax rate for silver bullion - some saying "numismatic coins" are treated as collectibles (28%) - but bullion long term is only 15% - anyboby know the definite answer ?
How do I qualify for the 5% long term capital gain rate? I am trying to do some tax planning prior to selling a stock I have held for a long time (over 5 years). From my understanding, long term capital gains are taxed at 15% rate unless your taxable income would otherwise put you into a lower tax bracket, in which the long term rate is then 5%. Is the gain from the sale of the tax part of the taxable income? I have a very small annual income of about $20,000, but when I sell the stock, I will have a gain of about $500,000. Will it be taxed at 15% rate or due to my low income, will it be taxed at 5%? And if I wait until 2008 (maybe 2009) will it be taxed at 0%? The tax laws are very confusing in this area. Please help me out.
Do the liberals that are against a lower capital gains tax rate have any investments? Or do they just not like the idea of someone else having something they don't have?
Liberals, what do you want the capital gains tax rate to be? Do you want to go back to Clinton's 20%? Or higher? Doesn't any of you invest even a penny somewhere? I invest a little here and there. I personally think it's fair that investment income (regardless of income bracket) should be taxed at a lower rate than regular income. Zombie, Do you want to pay higher interest rates on home loans and car loans? Let's raise the capital gains rate then. When the rich lose, we pay. Raise their capital gains tax rates and see what happens.
Who pays the tax on corporations? The reduced tax rate on capital gains and dividens is usually justified by? claiming that stockholders have already been been taxed at the corporate level. The Fair Tax advocates claim that removing the tax will reduce retail prices, that implies that consumers are now paying the tax. If the tax on corporate profits were reduced to zero, and capital gains and dividends were taxed at 35% would retail prices fall.
Did the rate of Capital gains tax in ireland change in yesterdays budget? does anybody know if the rate of capital gains tax was changed in yesterdays irish budget? and if there was any change to the inheritance tax? thanks in advance
If a rich person pays the 15% capital gains tax rate and he pays more taxes than 10 school teachers why do? Liberals claim he isn't paying his fair share on taxes?
Are liberals against a lower capital gains tax rate for everyone or just for the "rich"? Do liberals want to stick it to retirees living off of their investments? Al: You couldn't be more wrong. You obviously have no idea what you are talking about.
What is the current tax rate for Capital Gains in the Philippines, and how is it calculated? When selling a real estate property in the Philippines, is there a any way you can defer paying the capital gain tax? If I have to sell my property for P6.5M how much would I be paying on CG.
Do liberal democrats know that a 30% capital gains tax rate will never happen? Even most democrats in the Senate would vote no. What makes you think it will ever happen? @ Equalist- Because they have stated they do not want to raise taxes on capital gains.
Why do some on the left believe that only the 1% or the wealthy are affected by the capital gains tax rate? I have seen this time and time again. I find it astonishing that some people are this misinformed. Liberals, your politicians are doing a great job at deceiving their base. Good job!
What is my capital gains tax rate? Full-Time College Student, Single, Independent, No Dependents, I receive $728 monthly in disability from the Federal Government in regards to a military service-connected injury, my income for 2007 was roughly $5k and I had $0 income in 2008. I want to know what my long and short term capital gains tax rates are and what happens in 2010 in regards to those rates?
Does the tax rate on Capital Gains change depending on how much you gained? Example if you sell stock and you gained 100K, is it the same rate if you gained 500K?
Does the rate of return on a mutual fund include UNREALIZED CAPITAL GAINS? Or are the capital gains included in the rate of return only the REALIZED ones?
What is the capital gains tax rate in India at present? Thats the question... somebody told me short term it is 15%, long term it is 0%. Is it true that long term is 0% ?
what is the short term capital gains tax rate? i make 70,000 per year and i am probably going to make a few thousand of stocks this year. what will i pay in taxes on the stocks? im thinking its like 30%, is that right?
Short Term Capital Gains Rate - Michigan? I just sold an investment property I held for 4 months. I have to pay short term capail gains. Can anyone tell me what those rates are for Michingan. I beleive they are 28% for Federal. Also what forms must I fill out to pay estimated taxes for this sale to both the Fed and Michigan. Thanks!!!
The current tax rate on Capital Gains and dividends is 15%. Do I still need to pay state tax on top of that ? Say. I make $100 on Long term Capital gains and pay $15 for federal tax. Do I need to still pay state and local tax on $100 ?
When Bill Clinton cut the capital gains tax rate from 28% to 20%, did THAT pay for itself? And on what basis do you make that statement? That revenue increased? That it increased faster than it was projected to increase without the tax cut? That the rate of revenue increase was higher than the rate of inflation? dstr his problem with Bush is the spending, and that's an opinion I share with Greenspan. http://www.accf.org/publications/reports/sr-capgainstaxes1999.html Jacob there are parts of the pro-free-market agenda that was passed in the 1990s that your assessment is more accurate about. If Clinton opposed the tax cuts in 1997 he could have easily grandstanded on the notion of no tax cuts for billionaires etc.... like his wife does. He had already won re-election. Also, Robert Rubin had his ear. Lastly, Clinton took the 1997 tax act and went much further than Congress had asked him to in terms of creating loopholes for the largest US-based multinationals - everyone in '97 agreed on tax cuts for business and investment. And they were right! The problem is, NOW, after all the evidence is in and nobody can deny that it WORKED, WHY do some lefties still oppose tax cuts?
If Bush cutting the Capital Gains rate from 28% to 15% doubled revenue, why would Obama want to raise it again? If he wants more money...maybe he should cut it even more! Or is it that it's not really about more revenue, but Class Warfare?
Is there a different tax rate on capital gains based on the change in value? I know there are different tax rates based on how long you hold onto a stock. Is there a similar rule based on the % change in value? For example, if your stock goes up 10% vs 50%.
Long term capital gains tax rate? I'm confused about the rate I'm going to have to pay. I'm a college student in the lowest tax bracket (10%) and I want to hold my stocks for over a year to recieve a lower tax rate. Will I be paying the zero percent capital gains tax rate or is that ending in 2010? If it does end this year what rate will i be paying?
Would raising the capital gains tax rate REALLY hit the middle class? More than 80 percent of all capital gains income went to those making more than $200,000 a year in 2006. Very few making under $50,000 would be affected by any increase in the top capital gains rate. Just under 13 percent of all who filed tax returns for 2006 reported any capital gains income, however small. That means that raising capital gains tax rates could not affect 87 percent of all filers, since they have no gains income to tax. (Capital gains are the profits realized from the sale of such assets as stocks or real estate.) http://www.factcheck.org/askfactcheck/would_raising_the_capital_gains_tax_rate.html After reading the article and taking the facts into consideration, what are your thoughts? The only reason the wealthy in America have made the kind of money they have is because of the sacrifice those who came before them made and because of the American system. Now all of a sudden they want to change the rules? Taxes are the price we pay for living in a civilized society. The greater benefit one has received from living in our society, the greater the burden to repay that debt to our society. If we're talking about investments, then NO ONE pays 25% on ANYTHING. The highest investors pay on capital gains, dividends, etc. is a mere 15%. Income earned from labor is taxed at 35% when you take the Social Security tax (which is regressive in that no one that makes over $100k per year pays into it.) Is that fair? Not at all! Income earned from investing (capital gains, dividends, etc.) should be taxed at 25% while income earned from labor should be taxed at the same 25%. If someone makes a million dollars a year from labor, I'd LOVE to know what job that is and where I apply.
What is the long term capital gains tax rate....? for a federal income tax rate of 15% in the US?
Why are capital gains taxed at a lower 15% rate only if your seed money was not invested in a 401K or an IRA? If you were born rich enough to never have a 401k or Ira you pay 15% but those of us who made wages and saved our seed money usually have it in a 401k or IRA. We pay taxes on our capital gains as wages at an average rate of 36%. I know we did not pay taxes on our wages when we put them in at double the capital gains rate and we owe that. Warren Buffet says that it is class warfare and his class is winning. http://www.nytimes.com/2006/11/26/business/yourmoney/26every.html?_r=1 So not only our people entitled to keep less of their money if they earn it through work they are entitled to less of their money if they worked for their seed money. gws35 I make virtually all of my income from money in my IRA and I know what taxes I pay. Take a finance class or something.
On California taxes are capital gains taxed at a special rate like federal taxes, or are they taxed the same? as normal wages? If they are taxed at a special rate, do I need to fill out a special form like the Schedule D Tax Worksheet? My capital gains are all federal capital gains. My capital gains are from a stock sale, mutual funds, and I have interest income from a savings account.
Who here favors raising the estate tax, top income tax and capital gains tax rate to 99%? I'm willing to bet you the Democrats here and in Congress will go nuts for that idea.
When do the 15% capital gains rate, marginal rate reductions, and the IRA to employer rollover rules expire? 1. The marginal rates for the various tax brackets were lowered temporarily lowered several years ago, for example, the 28% bracket became the 25% rate. When does this expire and the rates return to normal? 2. At one time, long term capital gains were taxed at a 20% rate. This was temporarily lowered to 15%. When does this expire and the rate return to 20%? 3. At one time, you could roll over money from an employer plan (401k, etc.) to an IRA, but not from an IRA to an employer plan. Now, you can. Is this change permanent? If not, when does it expire?
How are Capital Gains treated in a Traditional IRA if one waits until age 59.5 (or later) to make withdrawals? Imagine two people starting with 2,000 pre-tax dollars to invest at age twenty-five. The tax rate is a constant 25 %, and the capital gains rate is constantly 15 %.One person invests in the ROTH IRA (for 1,500 dollars because of the tax), and one invests in the Traditional IRA. If the annual rate of return for each investor is 8%, who does better in the end if retirement is age 70, exactly 45 years later?
How are Capital Gains treated in a Traditional IRA if one waits until age 59.5 (or later) to make withdrawls? Imagine two people starting starting with 2,000 pre-tax dollars to invest at age twenty-five. The tax rate is a constant 25 %, and the capital gains rate is constantly 15 %.One person invests in the ROTH IRA (for 1,500 dollars because of the tax), and one invests in the Traditional IRA. If the annual rate of return for each investor is 8%, who does better in the end if retirement is age 70, exactly 45 years later?
What's the tax rate on capital gains from stocks? I thought it was 15% but I heard they raised it recently.
marginal tax rate and capital gains tax? I currently make $25,000 and am taxed 15%. I have recently made $40,000 with shares and up for capital gains tax as I have disposed of the shares within 12 a month period. I am just wondering do I add the $40,000 on to the $25,000 and get taxed at $65,000 marginal rate or do I taxed at the under $30,000 rate?
Sold house due to job relocation, what, if any would capital gains rate be? I will try to give as much detail to our sale in as direct, cut and dry terms as possible. Married filing jointly with 2 kids. 1 income family. Bought home in Seattle in Sept 2004. Sold Seattle home in June 2006--net profit $55K Bought Boston home in August 2006. Husband works for major corporation with worldwide locations that acquired a small company in the Boston area. This opened up options for a transfer. We accepted a transfer with relocation package and sold our Seattle home, buying a replacement home in the Boston area immediately. Clearly we are more than 50 miles away, but are we able to use this exemption as we applied for the transfer? With the transfer came a promotion and significant raise with more job growth possibilities. If so is it a complete exemption or just a percentage off? Also, we recieved $10K in relocation money, are we responsible for taxes on this? What moving costs are deductible? Would our airfare be? Temp housing? Thanks!
Simple Trust: Are dividends and capital gains taxed as ordinary income? I am filling out form 1041 for a simple trust (which only contains 3 mutual funds). This year, there were approximately $1500 in dividends and $4500 in capital gains. Using the form, it looks like everything is being taxed as ordinary income (vs. 15% max capital gains rate). Is this correct? Also, if the trust were to be dissolved and mutual funds transferred to person who trust was set up for (without selling any mutual funds), would the IRS still view this as a sale and repurchase and expect taxes based on those "sales" next year?
If Congress increased the personal tax rate on dividends and capital gains but simultaneously reduced the rate on corporate income, what effect would this have on the average companies capital structure?
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