If some fool can clarify this for me, I'd fooly appreciate it. If I understand correctly, a long-term capital gain for those in the 15% tax bracket is taxed at 10%. Now, if that gain just barely pushes you into the next tax bracket (28%), will ALL of your long-term gain be now taxed at 20%, or just the small portion of it which caused you to slide into the next bracket? Also, once you figure the 10% tax on this gain (assuming you're in the 15% bracket), is that all you the tax you will have to pay on this transaction, or is the remainder of the gain (the post-10% tax) slapped onto your income and taxed again as though it were regular income? So, essentially, if I had a $10,000 capital gain, I will pay $1000 in tax on it(assuming it's long term and I'm a 15 percenter), and the remaining $9000 mine to keep and won't be re-taxed in any other way? Am I right?
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra