Those in the 36 percent tax bracket would have owed an additional $626 a year.
But this year that person may be in the 28 percent tax bracket.
This would represent a credit of $8,250 for a taxpayer in the 33 percent tax bracket.
They are in the 28 percent tax bracket and have a 2-year-old son.
"If you're in the 40 percent tax bracket, that's a big deal."
Without a capital gain, I fall into the 15 percent tax bracket.
His real cost is $6,150, since he's in the 38.5 percent tax bracket, considering Federal, state and city taxes.
For those who expect to remain in the 28 percent tax bracket, it does not matter whether long-term gains are taken this year or next.
The exemption, for someone in a 15 percent tax bracket would amount to only a few hundred dollars a year.
But imagine being in a 94 percent tax bracket.
Those in the 36 percent tax bracket would have owed an additional $626 a year.
But this year that person may be in the 28 percent tax bracket.
This would represent a credit of $8,250 for a taxpayer in the 33 percent tax bracket.
They are in the 28 percent tax bracket and have a 2-year-old son.
"If you're in the 40 percent tax bracket, that's a big deal."
Without a capital gain, I fall into the 15 percent tax bracket.
His real cost is $6,150, since he's in the 38.5 percent tax bracket, considering Federal, state and city taxes.
For those who expect to remain in the 28 percent tax bracket, it does not matter whether long-term gains are taken this year or next.
The exemption, for someone in a 15 percent tax bracket would amount to only a few hundred dollars a year.
But imagine being in a 94 percent tax bracket.