What is capital gains tax in 2010?

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

Was this solution helpful to you?

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

Just Added Q & A:

Find solution

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.