Assume that each of the 4 individuals (A, B, C, and D) in Question #1 now also have the following capital gains amounts for 2020, in addition to all the facts in Question #1. Assume the 2020 LTCG tax rate table for a single individual (A, B, C and D) is below. What is the tax impact (amount of increase, decrease, or no change) attributable to the capital gains assuming the following for each individual:

Individual A: LTCG $20,000

Individual B: LTCG $500,000

Individual C: STCG $20,000

Individual D: LTCL $20,000

[Use this table and please show your work for each of the four cases]

Single filers

Long-term capital gains tax rate	Your income
0%	$0 to $40,000
15%	$40,001 to $441,450
20%	$441,451 or more

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