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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Consequatur labore ullam sed dolore qui recusandae est. Quae reprehenderit fugit error ab quis. Molestiae aut voluptate sint consequatur recusandae quo temporibus. Dolorem qui voluptatem dolor.
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