Capital gains tax rates range from zero-percent up to 37%, depending on the type of capital gains being taxed. It has been my experience as a Los Angeles financial planner; many people ignore state capital gains taxes when doing their tax planning (that is, assuming they are doing any ...
California temporarily raised taxes on businesses to help offset what they thought would be a huge deficit. Instead, California posted record surpluses. That tax increase was scheduled to expire at the end of this year. Newsom wants to to end it one year early, which would ...
dollars in revenue expected by the state government of California from Facebook's initial public offering (IPO) as employees and investors pay capital gains tax on stock options, according a Legislative Analyst's Office report. Documents filed with the U.S. Securities and Exchange Commission (SEC...
The complexity of the tax code virtually ensures that, when a return is scrutinized in minute detail, a legitimate question on the validity of a given entry can arise, particularly when one considers the different types of accounting rules that may apply in large business operations or on person...
000 or less. And it doesn't matter if you're reporting unemployment income or capital gains; if you meet the program's income eligibility, then IRS Free File will find you an online service that'll do your tax math, answer so-called "simple" questions ...
Those include a bad year for the stock market reducing capital gains from high-earning Californians, less tax revenue from people leaving the state, and massive layoffs in Silicon Valley slashed high-earning salaries that are major contributors to the state's tax revenue. ...
As president, Harris said she would push for a 28% tax rate on long-term capital gains for those earning a million dollars a year or more. Economy As vice president, Harris worked to help pass major economic legislation including the bipartisan Infrastructure Law, the Inflation Reduction Act,...
it has saved California taxpayers more than half a trillion dollars. But its limitations on property-tax revenues have also led the state to rely far more on income and sales taxes. And with the state's steeply progressive tax code leaving it heavily dependent on the capital gains of Californ...
Larry Kudlow just posted a podcast with economist Steve Moore and business analyst Liz Peek on to discuss this very issue. Kudlow was appalled and said a low capital gains tax is so important for business creation and job creation, and noted that capitalism is color blind. (Liz Peek and Ste...
On a podcast hosted by Andreessen and Horowitz, the a16z venture capital founders made their case for supporting Trump, calling his crypto platform a “flat out, blanket endorsement of the entire space.” They criticized Biden’s proposal to tax unrealized capital gains, AI restrictions and his ...