I looked up the Long Term Capital Gains Tax Rate Schedule for 2024
I would appreciate insights on how the Tax Rate is calculated
For example the IRA has a capital gains tax chart that lists a single person's tax rate of 15% from $47,025 - $518,900.
When interpreting the Tax Rate and associated income levels -- do the income levels shown include or exclude the Capital Gains to which the percentage of tax is applied -=- if included a portion of the capital gains are pushed up in the 20% tax rate
Thanks in Advance
I would appreciate insights on how the Tax Rate is calculated
For example the IRA has a capital gains tax chart that lists a single person's tax rate of 15% from $47,025 - $518,900.
When interpreting the Tax Rate and associated income levels -- do the income levels shown include or exclude the Capital Gains to which the percentage of tax is applied -=- if included a portion of the capital gains are pushed up in the 20% tax rate
Thanks in Advance
Statistics: Posted by Gatewood — Fri Dec 13, 2024 10:36 am — Replies 1 — Views 30