Regarding this week's article on capital gain rates, it should be noted that while your overall income will determine your capital gain rates (primarily 10% or 20%), you will receive the benefit of the lower bracket if your non capital gain income is less than the 15% income bracket cap. For example, a single filer with $10,000 in ordinary taxable income and $30,000 in LT capital gain taxable income would be taxed at 15% on the ordinary income, taxed at 10% on the first $16250 of capital gain income and taxed at 20% on the remainder of the capital gain income ($10000 ordinary income + $16250 capital gain income = $26250 which is the top of the 15% bracket for single filers).
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