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Why Are Liberals So Against Having A Different Tax Rate For Long Term Capital Gains? |
Question by John Doe | Posted in Politics
Setting aside term capital gains are taxed as regular income.
Why do liberals want to punish investment in America that all of us benefit from?
Why do they about the middle class get no benefits from a lower capital gains tax?
G: so you are saying that middle class people dont have 401k's etc?
| Answer: I'm not against a disparate tax rate as long as it is a higher one! We want to tax the wealthiest 2%. Under Republican rules, companies like Exxon Nimble with huge corporate profits, in fact record recent profits, ..paid no taxes, not a one penny! Why are Republicans so against the middle class and for the wealthy when Republicans are mostly uneducated cut class and middle class themseleves? Thats what we call ignorant voters , ones who suffrage against their own interest. Taxes are a part of life, |
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My Current Tax Rate Is 14%. Does It Really Mean My Short Term Capital Gains Tax Is LOWER Than Long Term?..? |
Question by iznakurnozh | Posted in United States
My tax rate is 14%. It seems like, by focus, the short term capital gains tax equals my current rate, while the long term capital gains tax is (always?) 15%. Is it really more advantageous for me, stock predicament permitting, to sell at short term?.. Seems weird...
Answer: There isn't a 14% combine. The brackets are 10, 15, 25, 28, 33 and 35 pecent.
If your MARGINAL bracket is 15% or put down (inluding the LT CG) then the LT rate is 5%.
If your net rate is 14% you could either be in a 15% or (more likely) a 25% bracket. If your bracket is 25% or higher the LT CG tax rate is 15%. |
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Ohio Capital Gains Tax Rate On Long-Term Stocks? |
Question by audiotunesx | Posted in United States
I continue in Ohio and I'm going sell stock that I've held for over a year. Does anyone now the going round Ohio state capital tax rate?
I know the federal falls at 15% under my income.
Thanks in deposit for your help.
Thanks for the help guys! Do you know if capital gains are taxed on the city flush as well?
| Answer: You'll get taxed on the same rate as your general income bracket. |
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0% Long Term Capital Gains Tax Rate? |
Question by bop | Posted in United States
Hi,
I have no job. I am just now a stock trader & investor. So I have no income other than the gain from stock trading.
In 2010, I have a long term capital profit $90,000 and I have a short term capital gain $50,000.
Am I still eligible for "0% long term capital gains tax rate"?
| Answer: No. The 0% rate applies only if the compute of all of your other income (including short-term gains) is low enough that you would be in the 10% or 15% bracket without the long-term gains. Even then, it would not apply to all $90,000, straight some of it. Because your short-term gains are $50,000, all of your long-term gains will be taxed at 15%. |
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What Is The Tax Rate For Long Term Capital Gains? And The Tax Rate For Short Term? |
Question by jabbamonkey | Posted in United States
I have a few investments over a year old, and yearning to know how much taxes I'll have to pay if I close out of these investments. I also want to know how much I'll have to pay on a few short term. Please let me remember the tax percentages. If this matters, I'm based in New York. Please include references.
Answer: The following is for Federal tax purposes only. I do not have a valid grasp of NY State or NY City income tax law.
When a security (stock, mutual resources, bonds, etc.) is sold, the gain is considered long-term capital gain (LTCG) if it was held more than one year or lacking in-term capital gain (STCG) if it was held for one year or less. Of course, you could also have a long-term capital loss (LTCL) or a momentary-term capital loss (STCL) if you sell for less than your investment |
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Questions part 6 Directory
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Mitt Romney and others game those funds get taxed at that rate, too, which is 
There's worth reason to throw a spotlight on 
The top tax rate on long-term capital gains is currently 15 percent. That's why Mitt Romney is talking so much about his tax returns. Often overlooked is the truthfully that the days of the 15 percent tax rate are numbered. By Donald Marron, Guest blogger
Specifically, he is troubled that those with the greatest profits pay only a 15 percent tax rate on their long-term capital gains and proposes that their rate be doubled to 30 percent. The president's proposition is as fatuous as it is incoherent.