The long term capital gains tax rates for married/joint are below. In a scenario where the joint couple made $200K of income, but sold a stock (long-term) for $500K, would this push the tax rate from 15% to 20% or is the bracket for what you made in normal income instead? Meaning, would the 500K be taxed at 15% or 20%?
0% $0 to $80,000
15% $80,001 to $496,600
20% $496,601 or more
Thank you!
Submitted August 31, 2020 at 08:44PM by wavman https://ift.tt/353g0uv
