Question
Your taxable earned income is $45K, and on top of that you realized $19K of taxable long term capital gains income. The federal tax brackets
Your taxable earned income is $45K, and on top of that you realized $19K of taxable long term capital gains income. The federal tax brackets for earned income and capital gains are as follows:
| Total Taxable Income | Earned income tax rate | Capital gains tax rate |
| 0K - 9K | 10% | 0% |
| 9K - 38K | 15% | 0% |
| 38K - 92K | 25% | 15% |
What is your total federal tax liability? Note: Count earned income first!
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Money Talks Explaining How Money Really Works
Authors: Nina Bandelj ,Frederick F. Wherry ,Viviana A. Zelizer
1st Edition
0691202893, 978-0691202891
