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In the United States, individuals and corporations pay a tax on the net total of all their capital gains. The tax rate depends on both the investor's tax bracket and the amount of time the investment was held. Short-term capital gains are taxed at the investor's ordinary income tax rate and are defined as investments held for a year or less before being sold. Long-term capital gains, on ...
The federal government income tax collected by the IRS applies to all Americans regardless of where you live, but the rules for state income tax rates and how you pay taxes can be vastly different ...
California has the highest state income tax rate in the country for wealthier people, 13.3% for millionaires.
The measure was approved by California voters by a margin of 55 to 45 percent. Proposition 30 provides for a personal income tax increase over seven years for California residents with an annual income over US$250,000, to be implemented retroactively starting January 1, 2012 through the end of 2018.
The tax rate that is applied to an individual's or corporation's income is determined by tax laws of the country and can be influenced by many factors such as income level, type of income, and so on. [1] There are several methods used to present a tax rate: statutory, average, marginal, flat, and effective.
The tax table below will show in detail the New Jersey state income tax rates by income tax bracket (s). There are 6 income tax brackets for New Jersey.
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