Capital gains tax brackets
hubcity opened this issue · comments
There are different capital gains tax brackets, but the program assumes that all cap gains are taxed at 15%.
Do you want to track state capital gains in this same issue....or a different issue? California has a progressive capital gains rate: https://smartasset.com/investing/california-capital-gains-tax
I don't think you need a separte issue to track how California taxes capital gains. From the "Bottom Line" section of your linked article:
California taxes capital gains at the same rate as regular income. In turn, any money earned in a year from investments will simply be added to the person’s taxable income.
This is how most states tax capital gains. So allowing state tax brackets by fixing issue 26 "State taxes" and treating capital gains as income for state tax purposes should solve the state capital gains tax issue for most states, including California.
Good catch, I missed that part. Thanks!