Taxable sales as of January 2014 are subject to the following:
Capital Gains Tax
0% Taxable income up to $36,900 ($73,800 if married filing jointly)
15% Taxable income between $36,900 and $406,750 ($73,800 and $457,600 if married filing jointly)
20% Taxable income over $406,750 ($457,600 if married filing jointly)
Affordable Healthcare Act
There is a 3.8% tax on investment income for taxpayers who have an adjusted gross income of $200,000 ($250,000 if married filing jointly)
Depreciation Recapture Tax
Real estate depreciation taken in previous years is taxed at 25%. All other personal property depreciation is taxed at ordinary income rates.
Nearly every state imposes it’s own capital gains tax, ranging from 1% to 13.3%. Click here to determine your state tax.