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The top tax rate wealthy Americans pay on their investment gains today runs barely half the top rate the rest of us pay on ...
By submitting this form, you agree to allow us ... capital gains is that they’re taxed differently. If you made a quick flip and sold within a year, congrats, you’re paying ordinary income tax ...
Decades ago, you could defer capital gains by buying another home of equal or greater value, but that’s no longer the case.
Profits from a home sale are subject to capital gains taxes. This sale will count toward your total capital gains for the year, and will be taxed at the normal rates of either 0%, 15% or 20%.
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