The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Capital Gains: This year or next?||Date: 6/24/2012 4:41 PM|
|Author: MarkEvans24||Number: 116337 of 121148|
Hi Fellow Fools, I am considering some profit taking and could do it this year or next. The rub is that my income is very low, which would put me in the 10% bracket (right?).
Is capital gains capped at 15%, or would mine be lower, at my income bracket. (10%).
Assuming the tax cuts expire, would I pay 20% on my cap gains next year, or would my capital gains be taxed at my ordinary income rate of 10%?
Bonus question: at what income level do rates go from 10% to 15%?
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|