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Re: pennierookie post# 228

Wednesday, 02/11/2009 3:48:15 PM

Wednesday, February 11, 2009 3:48:15 PM

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short term capital gains

Federal: taxed at your normal income rate, whatever that is.

Mass:

I'm not an expert, but it appears that you would pay at whatever rate your state decides, as well, just like Federal.

Schedule B , Interest, Dividends and Certain Capital Gains and Losses
http://www.mass.gov/Ador/docs/dor/Forms/IncTax08/f1_nrpypdfs/sch%20b.pdf

http://www.mass.gov/?pageID=dorterminal&L=7&L0=Home&L1=Individuals+and+Families&L2=Personal+Income+Tax&L3=Forms+%26+Publications&L4=Forms+Index&L5=Forms+by+Year&L6=Income+Tax+Forms+and+Schedules&sid=Ador&b=terminalcontent&f=dor_forms_inctax08_inctax08&csid=Ador

Suggestion: Move to a state like Texas with no personal income taxes.

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