new federal tax rate 20% plus 3.8% obama tax so now cap gains are at 23.8% before 15% horrible then state taxes on top of that oh brother suks
state tax on capital gains doesn't apply to all 50 states, verify first the laws according to your residence state.
people with income lower than $400,000 will tax at 15%, higher than will be the new tax, and prefer to pay higher than to go over the fiscal cliff outcome.....I consider it less harmful. It applies to single and married people.
If your funds are in an IRA you won't have to pay the cap gains income...lucky me I guess.
In the long run you will pay a higher rate when you withdraw the funds at the regular income tax rate
lucky you ?? how do you figure that? when you cash out your ira you sure will pay regular cap gains taxes so don't celebrate