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Old 11-16-2014, 10:59 AM
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Capital Gains vs. Regular Income

Are capital gains taxed differently from regular income?

For example, let's say my salary is $50,000 and I have a long term capital gain of $100,000 for 2014 and I live in California.

My $50,000 will be taxed separately from my LT capital gain ($100,000) for federal and state right?

In other words, they are not going to be combined as $150,000 as a whole right?

Thanks



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