If I (an individual) have an ordinary income of $10k and have long term capital gains of $500k, will my ordinary income (the $10k) be taxed at ~40% or at ~10%? I already know my capital gains tax will be ~20%.
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10%. Use the qualified dividends and capital gain tax worksheet to calculate tax on ordinary income and cap gains.
Bump
Honestly, who cares? At most, it's a $3,000 difference. Stop thinking like a poor person.
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Et quas esse qui in maiores libero veniam. Labore qui consequuntur quae fuga officia. Omnis sed voluptas ducimus vero quod vitae eum quam. Perspiciatis dolorem voluptatem maxime ea qui voluptatem. Et repudiandae tempore aperiam id.
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