[skybrian]

Looks like it's over 50% for regular income, but for long-term capital gains the top rate seems to be about 37%:

  20% federal
  3.8% net investment income tax
  13.3% California

I do what I can to lower my tax bill, but in the end I take a philosophical attitude: if I'm paying more taxes, that's a sign I'm making more money.

[adastra22]

From a California perspective, there is no discount for capital gains. It is all taxed as income.

[skybrian]

Yep. But they had to include federal to get above 50%, so that's clearly not the calculation they were doing. For federal + California, it does matter.

[monero-xmr]

If I’m paying more taxes, it’s a sign the state is spending beyond its means

[skybrian]

I don't see the connection.