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Originally Posted by Robbb
Great question and great answer. Also isn't the first $80,000? of capital gains taxed at 0%
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The rate varies and depends on your income. You can even end up with an extra 3.8% tax if your income is high enough. Could also push you into the Alternate Income Tax. Then if you are on Social Security your medical insurance costs could also increase. Thus if you have a large capital gain you are thinking of taking be sure you understand your tax obligations. Fortunately most of us will not have this problem.