Does your state have a cap gains tax?

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May 16, 2024
5:10:56pm

Iman23 All-American

Does your state have a cap gains tax?

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Iman23

Bio page: Iman23
Joined: Jan 18, 2008
Last login: Jun 6, 2024
Total posts: 42,898 (2,771 FO)

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Messages

Author

Time

Amending my tax return w/ a couple stock sales I missed. Both long-term sales

May 16, 5:09pm

Does your state have a cap gains tax?

Iman23

May 16, 5:10pm

No, Texas doesnt do income or capital gains tax.

May 16, 5:11pm

Do you have social security benefits?

allaboutthegainz

May 16, 5:11pm

negative, far too young to cash in on those

May 16, 5:12pm

Marketplace Health Insurance?

allaboutthegainz

May 16, 5:13pm

Is your income high enough to be subject to the Net Investment Income Tax?

allaboutthegainz

May 16, 5:14pm

This mathematically works out. I didnt even know this was a thing....

May 16, 5:17pm

No, Im a very normal white male in his 30s working at a large tech company

May 16, 5:15pm

It’s the Net Investment Income Tax. 3.8% on top of your income tax. Look for

allaboutthegainz

May 16, 5:15pm

NIIT, perhaps.

May 16, 5:15pm

NIIT

Carnac

May 16, 5:17pm

Humblebrag. Very nice

homegrown

May 16, 5:18pm

Hah, didnt mean to, it was an honest question.

May 16, 5:27pm

Texas like Nevada is humane to taxpayers

Archaea

May 16, 5:30pm

To pay for Obamacare, the feds many years ago added an extra 3.5% if the gains

CougFan4EverEver

May 16, 7:18pm

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