Answered

Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Ask your questions and receive precise answers from experienced professionals across different disciplines. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Short-term capital gains are taxed at the same tax rate as your ordinary income tax rate.

A. True
B. False

Sagot :

GinnyAnswer

Final answer:

Short-term capital gains are not taxed at the same rate as ordinary income tax.


Explanation:

False. Short-term capital gains are taxed at the same tax rate as your ordinary income tax rate. For example, if you fall into the 22% tax bracket for ordinary income, you would also pay 22% on short-term capital gains. Long-term capital gains, on the other hand, have their own tax rates based on how long you held the asset.


Learn more about Capital Gains Tax here:

https://brainly.com/question/24228835


Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.