What is the California capital gains tax rate?

Answer

As of May 2013, the combined capital gains tax in the state of California is 33 percent. The state of California has the second highest capital gains tax in the whole world. The capital gains tax rate at the state level in California is 13.3 percent and the capital gains tax rate at the federal level is 20 percent. The capital gains tax rate was raised in California in January of 2013,. The country with the highest combined capital gains tax rate is Denmark at 42 percent.
Reference:
Q&A Related to "What is the California capital gains tax rate?"
A capital gain is the profit you make when you sell an asset. Assets are almost all property - real estate, stocks, furniture, cars. In determining capital gain you are allowed to
http://www.ehow.com/info_8405869_capital-gains-tax...
If you were to go out and purchase 10 stuffed oppossums for $5.00 each and somehow, miraculously turn around and sell them all for $10.00 each, your total oppossum profit would be
http://www.ask.com/web-answers/Business/Other/what...
It's always best to seek professional tax advise from an accountant, but here is the link to the IRS page that discusses capital gains: . http://www.irs.gov/busine. sses/sm. The
http://www.quora.com/How-do-I-determine-the-capita...
treated as ordinary income and taxed at your ordinary income tax rate. No breaks as in Federal !
http://wiki.answers.com/Q/What_is_california's_sta...
1 Additional Answer
Ask.com Answer for: California Capital Gains Tax
What Are Capital Gains Taxes for the State of California?
If you make your living off capital gains, California is probably not the best place to settle down. While in places like Texas, capital gains are not taxed at all, in California they are taxed up to 10.33 percent as of the time of publication -- the... More »
Source: www.ehow.com
Explore this Topic
As of May 2013, the combined capital gains tax in the state of California is 33 percent. The state of California has the second highest capital gains tax in the ...
Capital Gains Tax on property is 18%. It is charged on any property that you own and you can sell it, give it away as a gift or get compensated by insurance. It ...
Capital gains tax in the United States of America is an income tax on the net total of all capital gains. As of May 2013, the capital gains rates are designed ...
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014 Ask.com