What is the tax rate for long-term capital gains?

In Washington, the tax rate for long-term capital gains is determined by the amount of income you earn. If you make up to $25,000 per year, you won’t have to pay taxes on your long-term capital gains. However, if you make between $25,000 and $500,000, you’ll have to pay a tax rate of 7.9%. For any income over $500,000, you’ll have to pay an additional 2.4 % in long-term capital gains tax. The tax rate for long-term capital gains can be confusing, so it’s important to understand the different brackets and rates. In general, long-term capital gains refer to any profits made from selling investments after holding them for at least a year, such as stocks and mutual funds. The tax rate for these types of investments is lower than the rate for regular income, which is why some people choose to invest in them for the long term. It’s also important to know that long-term capital gains are subject to both state and federal taxes. In Washington, the tax rate on long-term capital gains is generally determined by the amount of your income, with rates ranging from 0% (if you make less than $25,000) to 9.3% (if you make more than $500,000). Understanding the different tax rates and brackets can help you determine the best way to invest and save for the future.

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What is the tax rate for long-term capital gains?

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