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Does capital gain amount factor into income used in calculating capital gain tax rate?
Does capital gain amount factor into income used in calculating capital gain tax rate? I'm trying to understand if I would qualify for 0% capital gains tax or 15%. I'm single, and I make about $35k per year. I understand that people w/ income under about ~$45k pay 0% capital gains tax. However, if I take money out of the stock market, and the amount of capital gain is, say, $20k, would that be added to the income I already make an...
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