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by sjdb77 2432 days ago
Yeah...seems to incentivize day trading.
1 comments
icedchai 2432 days ago
Not really. It's only zero on long term capital gains if total income is below a certain threshold.
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sjdb77 2432 days ago
Isn't short term cap gains taxed like earned income, which below $50k a year is 0 in CA? For federal if you make <$52k (w/ standard deduction) you only pay like a 11% tax rate.
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beefalo 2432 days ago
No it has it's own tax bracket and there is no 0% bracket
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sjdb77 2432 days ago
Ok got it - yeah looks like it's around 4% with a $4k standard deduction.
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