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A comment on Anthony Levandowski ordered to pay $179M to Google. Parent comment

Re:Anthony Levandowski ordered to pay $179M to Google by jonathankoren on Wednesday March 04, 2020 @10:56PM (#22490820)
Typically you have to hold assets for a year for them to be taxed as capital gains. Otherwise it's just normal income, which caps out at 37%. Capital gains maximum rate is 20%.
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Re:Anthony Levandowski ordered to pay $179M to Google by bretpiatt on Wednesday March 04, 2020 @11:16PM (#22490916)
37% for Federal plus State tax and CA taxes cap gains, both short and long the same. Very possible to end up at ~50% rate in CA.
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Re:Anthony Levandowski ordered to pay $179M to Google by loeg on Thursday March 05, 2020 @12:59AM (#22491295)
Pedantically, the max cap gains rate is 23.8% with NIIT. (Also, these are the federal tax brackets; states can and mostly do impose additional taxes on both income and capital gains.)
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