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<<The short answer is ignore the capital gains when looking at brackets. The 97 tax act basically
dictated that capital gains wouldn't boost you into a new bracket. That's why Sch D is such a
nightmare now. If you're trying to figure your bracket, take all income except capital gains and
deduct personal exemptions (2700 ea) and the standard deduction (6900 MFJ) to get to taxable
income. Below 40k? 15%, etc. >>

So if I am looking to realize a $500 000 capital gain then I should quit working for that year or find a job that pay very little and only pay a 10% capital gains tax. No?

Thanks for your answer
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