7 ms·

Yeah...seems to incentivize day trading.

• icedchai 7y ago
  Not really. It's only zero on long term capital gains if total income is below a certain threshold.
  • sjdb77 7y ago
    Isn't short term cap gains taxed like earned income, which below $50k a year is 0 in CA? For federal if you make <$52k (w/ standard deduction) you only pay like a 11% tax rate.
    • beefalo 7y ago
      No it has it's own tax bracket and there is no 0% bracket
      • sjdb77 7y ago
        Ok got it - yeah looks like it's around 4% with a $4k standard deduction.