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A comment on $100k/year still might not be enough to buy a home. Parent comment

Re:$100k/year still might not be enough to buy a home by sjdb77 on Tuesday October 15, 2019 @03:03PM (#21262372)
Yeah...seems to incentivize day trading.
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Re:$100k/year still might not be enough to buy a home by icedchai on Tuesday October 15, 2019 @03:43PM (#21262824)
Not really. It's only zero on long term capital gains if total income is below a certain threshold.
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Re:$100k/year still might not be enough to buy a home by sjdb77 on Tuesday October 15, 2019 @03:48PM (#21262876)
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.
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Re:$100k/year still might not be enough to buy a home by beefalo on Tuesday October 15, 2019 @05:05PM (#21263760)
No it has it's own tax bracket and there is no 0% bracket
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Re:$100k/year still might not be enough to buy a home by sjdb77 on Tuesday October 15, 2019 @05:21PM (#21263949)
Ok got it - yeah looks like it's around 4% with a $4k standard deduction.
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