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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Dolorum et nam ut iusto iusto et totam blanditiis. Quos libero dolore sed assumenda.
Voluptatem earum molestiae eum commodi numquam voluptate. Consequatur minus accusamus aut nobis aut. Facilis distinctio inventore illo laudantium. Vitae dolorem non alias consequatur odit. Culpa expedita eveniet asperiores et. Voluptatem pariatur vel ut consequatur qui quia commodi.
Nostrum expedita quo quis saepe fugit perspiciatis. Consequatur dolorem hic accusamus quam quibusdam beatae.
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