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Information Overloader
Join Date: Mar 2003
Location: NW Lower Michigan
Posts: 29,966
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Capital Gain
Ok. Simple question for the bean counters out there:
For tax year 2017 the threshold under which ordinary income for a single filer to pay 0% capital gain taxes is $37,950.
So does this mean a single filer whose regular income is under 37,950 pays no CG taxes, or does this mean the sum of CG AND the ordinary income for the tax year the gain was realized must be below 37,950 to get the 0%?
If the latter, it doesn't seem like very many people will get the 0% rate.
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