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Tuesday, December 24, 2013

What would be the Tax Rate for a Married Filing Joint Tax Return whose Taxable Income is entirely from Capital Gains in 2013?

For example, if a Married Filing Joint Taxpayer, whose taxable income is $300,000 and due entirely to all long term capital gain, "what would be their tax rate in 2013?

According to the new tax law in effect in 2013, "if a married couple is below the $450,000 threshold, they will continue to pay tax at the 15% rate for long term gains, or 15% on $300,000 which is $45,000.

For example, if a Married Filing Joint Taxpayer, whose taxable income is $480,000 and due entirely to all long term capital gain, "what would be their tax rate in 2013? Read More...

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