September 8th, 2011
I?ve already accumulated about $45,000 in short term capital gains this year. I need to liquidate another $40,000 in stocks or sell part of an inherited IRA which, as I understand, will be taxed as income. Is the tax hit going to be the same either way?
Last year I had taxable income of about $53,000 with next to no capital gains. This year I expect about the same taxable income plus the capital gains.
Categories: Taxes
Source: http://www.finance-assistant.info/taxes/is-the-tax-rate-higher-for-income-or-capital-gains.html
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