Capital Gains and Losses
Capital Gains Tax Questions? Ask a Tax Advisor for Answers ASAP
I calculate your tax liability as $33,900.00. California does not have a separate capital gains tax rate, so your income of $300,000 would put you in the 11.3% state tax bracket. For federal taxes, you would be in the 0% capital gains tax bracket, due to your very low earned income.
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