@#^#&!! I wish...........!!! I pay cap gains near 40% to the Feds every year!!
Of course lets be a bit clearer....Long Term Cap Gains are taxed differently than Short Term Cap Gains....of which I an referring to.
I didn’t do research before I posted, so maybe cap gains should not be there (I get nailed on cap gains every year too), maybe “dividends” is a better term.
“Interest income or capital gains from stocks is taxed at 15%.
@#^#&!! I wish...........!!! I pay cap gains near 40% to the Feds every year!!”
Do not confuse interest income with capital gains.The long term capital gains rate is 15%.Interest income is a totally different category and is taxed at whatever your marginal tax rate is.