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A comment on Washington state approves capital gains tax. Parent comment

Re:Washington state approves capital gains tax by tartoran on Friday April 30, 2021 @01:49PM (#26996830)
Wait, wouldn't you get taxed capital gains on a standard savings account? I'm genuinely curious even though right now saving accounts are not saving anything at all.
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Re:Washington state approves capital gains tax by leephillips on Friday April 30, 2021 @01:54PM (#26996896)
Tax on interest is at a different rate than capital gains tax.
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Re:Washington state approves capital gains tax by tartoran on Friday April 30, 2021 @02:08PM (#26997099)
Which one is higher?
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Re:Washington state approves capital gains tax by leephillips on Friday April 30, 2021 @02:19PM (#26997262)
I’m pretty sure that interest income is taxed, at the federal level, like wage income. In other words, at a higher rate than capital gains.
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Re:Washington state approves capital gains tax by loeg on Friday April 30, 2021 @09:58PM (#27002177)
Long-term capital gains are taxed at a lower rate than ordinary income and short-term capital gains (which are taxed at income rates).
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