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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Quibusdam iure sapiente voluptas nemo. Cupiditate qui sed praesentium nihil.
Et quibusdam ducimus architecto dolorem. Qui at eum nihil quaerat rerum accusamus. Voluptatem inventore ullam minima et iusto. Ex laboriosam earum ea odio quam ut.
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