Tina, whose marginal tax rate is 33%, has the following capital gains this year: STCG.......................................................................$20,000 LTCG (General
Question:
Tina, whose marginal tax rate is 33%, has the following capital gains this year:
STCG.......................................................................$20,000
LTCG (General Electric stock)...........................................40,000
LTCG (qualified small business stock held more than 5 years)......20,000
LTCG (artwork)............................................................10,000
What is the increase in income tax caused by these items (ignore the Medicare tax on net investment income)? show calculation
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Related Book For 
Concepts In Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
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