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Hello, I am taking a concepts of federal income taxation course. My professor wants me to be familiar with the highest and lowest rates for
Hello, I am taking a concepts of federal income taxation course. My professor wants me to be "familiar with the highest and lowest rates for ordinary income and net capital gains" would you please clarify what this means. I understand the different filing statuses but I do not know what the actual rates for ordinary income and net capital gains. Thank you.
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