I’m having some confusion between income taxes and cap gain taxes and exactly how they work together. I understand income tax brackets, and the difference between short/long term cap gains. I guess I’m a little confused how it all works together in a real world example. Let’s say my salary is $150k and in the same year I realized $100k of long term cap gains. At a basic level, just considering taxes, how much would I take home? How much would everything be taxed? What about state taxes? If anyone knows a site that might explain this stuff easily, please share. Thank you
Submitted July 24, 2021 at 07:57AM by god_among_men https://ift.tt/3y6MFei
