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TOPIC: TAX BRACKET FOR YOU TO LOOK AT


King Of The House

Status: Offline
Posts: 45
Date:
TAX BRACKET FOR YOU TO LOOK AT
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One of our members sent this to me.

 

 

Most people are confused about the 50% and 100% May want to clarify. They need to understand and check their IRS Capital Gains table below. Plus it depends on your tax bracket where you fall.

here is a chart and online calculator that may help them.

 


Here is a Calculator to determine. http://www.moneychimp.com/features/capgain.htm

Here is a simple capital gains calculator, to help you see what effects the current rates will have in your own life. (Before you use it for the first time, you may want to check out an example with numbers already filled in.)

Tax BracketCapital Gain Tax Rate
Short TermLong Term
10%10%0%
15%15%
25%25%15%
28%28%
33%33%
35%35%
39.6%39.6%20%
Purchase Price:$
Sale Price:$
Your Federal Tax Bracket:39.6353328251510%
Time from Purchase to Sale:One Year
or Less
More than
One Year
Your State Tax Rate:%%
  
Federal Capital Gains Tax Rate:*%%
Total Tax Due:$$
Net Sale After Tax:$$
Advantage of Waiting: %


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