State Tax on Capital Gains: A Comparative Analysis
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Explore the tax implications of selling appreciated stock across different states. California imposes high taxes on income over one million, while Texas offers no state tax on capital gains. Nine states now have no state tax on capital gains, and most others treat them like regular income. Some states, like Maryland, are increasing taxes to fill budget gaps. Even in zero-tax states, federal taxes still apply. Consider your portfolios mix and state taxes before making decisions.
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