Apparently (and surprisingly) the top Capital Gains Tax in Wisconsin (as of 2007/2008) is... 2.7% (as opposed to the top Income Tax rate which is 6.7%).
cfhttp://sbecouncil.blogspot.com/2008/01/Wisconsin-and-capital-gains-taxes.html
Not certain whether this is an across-the board rate, or (if this is the "top" rate) it is lower for lesser capital gains, nor what the table is; but this is enough to go on for calculation/guesstimation & pre-planning work.
the highest rate is 15%
20
Capital gain taxes are based in large part on your ordinary tax rate.... * Ordinary tax rate 10%, long term capital gains tax 0%, short term capital gains tax 10% * Ordinary tax rate 15%, long term capital gains tax 0%, short term capital gains tax 15% * Ordinary tax rate 25%, long term capital gains tax 15%, short term capital gains tax 25% * Ordinary tax rate 28%, long term capital gains tax 15%, short term capital gains tax 28% * Ordinary tax rate 33%, long term capital gains tax 15%, short term capital gains tax 33% * Ordinary tax rate 35%, long term capital gains tax 15%, short term capital gains tax 35%
how do you report long term capital gains and what rate are they taxed
A capital gains tax is a federal tax that is paid by both corporations and individuals on the net total of their capital gains for the year. In the state of Georgia that rate is 6.0 percent.
25%.
California capital gains tax is not different from tax on other forms of income. The rate for income above approximately $48,000 is 9.3%
The federal tax rate for what are known as "qualifying dividends" is the same as the long term capital gains tax rate. The rate for all other dividends is the same as the ordinary income rate. Mutual funds sometimes issue a dividend known as a "capital gains dividend" or a "capital gains distribution." This is a capital gain passed through from the fund and is treated as a long term capital gain to the shareholder.
Unlike the federal government, NJ does not have a special long term capital gains rate. All capital gains are taxed at the same rates as ordinary income.
The basic rate for capital gains taxes seems to be 15%. From their, depending what you are doing the rate can go up. For most people though the rate is 15% ttp://www.farmcpatoday.com/2011/02/08/capital-gains-tax-rates-for-2011/
In the United States, the federal long term capital gains tax is 0% or 15%, depending on your tax bracket. The short term rate is the same as for ordinary income. There are also state income taxes which vary by state.
Long term capital gains are taxed at a federal rate of 0% or 15% which is considerably less than the rates on ordinary income. State income tax treatment of capital gains varies by state.
The capital gains tax rates are determined by the type of investment asset and the holding period of the asset. In additional to the federal capital gains tax rates, your capital gains will also be subject to state income taxes. Many states do not have separate capital gains tax rates. Instead, most states will tax your capital gains as ordinary income subject to the state income taxes rates.
Gains and losses from the sale or exchange of capital assets receive separate treatment from "ordinary" gains and losses. Capital gains are taxed before income, at a significantly lower rate than ordinary gains.