Tharidual captal pain is taxed at a maximum rate of 15%, while income cenests of dividend and interest income. Interest income (except interest on state and local government debt which is extmpt from federal taxes) is taxed as ovidends ale taxed at the same rote bs lang-term Generaifr, ioterest payments are not tax deductible for individuas wcepe for incerest on I withe certain limka- Frojected 2018 tar rate schedules are sheme for engle individuah and married couples fing soimtly vour answer to the netartik cent. s. Carporate mere taviatily sethet wo ther we tur debchbie; homeve: No payments are regarded as an evense. seductiob, so the urser the sepreciation, the it the tawable income, be ifinenong. Depreciation expense is tar. etanuara dequction for individual: $12,000 Tharidual captal pain is taxed at a maximum rate of 15%, while income cenests of dividend and interest income. Interest income (except interest on state and local government debt which is extmpt from federal taxes) is taxed as ovidends ale taxed at the same rote bs lang-term Generaifr, ioterest payments are not tax deductible for individuas wcepe for incerest on I withe certain limka- Frojected 2018 tar rate schedules are sheme for engle individuah and married couples fing soimtly vour answer to the netartik cent. s. Carporate mere taviatily sethet wo ther we tur debchbie; homeve: No payments are regarded as an evense. seductiob, so the urser the sepreciation, the it the tawable income, be ifinenong. Depreciation expense is tar. etanuara dequction for individual: $12,000