With Bush tax cuts expiring in Dec 2010, by how much will short-term capital gains tax increase in 2011, if any?
-
-
Answer:
Keep in mind that if you are in AMT, then your marginal rate on ordinary income and short term capital gains will be 28%. This is current law for 2010 and beyond.
Ray Thornson at Quora Visit the source
Other answers
In the US, short-term capital gains are taxed at the same rate as ordinary income. The current tax structure features a sliding tax rate that goes from 10% up to 35%. When the Bush tax cuts expire, the rates will run from 15% to 39.6%. So short term capital gain taxation rates will go up accordingly, depending on your total income. For top earners, which represent about 1% of filers, the tax rate will be changing from 35% to 39.6%. In theory one could call this a 13% increase in the total tax paid at the top marginal rate.
Mark Nelson
Related Q & A:
- If a gross monthly income of a household with 2 kids (with both adults working) is £2K how much will be a tax and NI?Best solution by Yahoo! Answers
- How much will i get back on my tax return?Best solution by Yahoo! Answers
- How much will the DMV tax me?Best solution by Yahoo! Answers
- How much will house prices drop in the year 2011 in British Columbia, Canada?Best solution by Yahoo! Answers
- Capital gains tax regarding.Best solution by Yahoo! Answers
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.