What Is Passive Income Tax Rate
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The current tax rates for short term gains are as follows.
What is passive income tax rate. In other words short term capital gains are taxed at the same rate as your income tax. Buying bank owned property with cash. Short term passive income tax rates. The passive income tax rate is the same as the active income tax rate but with the addition of several benefits that become apparent come tax time.
10 12 22 24 32 35 and 37. For 2017 passive income that is taxed as ordinary income will be taxed in the 2017 tax brackets and so the income tax rates range from 10 to 39 6 percent depending on your annual income. Long term capital gains and qualified dividends are taxed at zero 15 and 20 percent for 2017 but the brackets are different.
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