Replies to post #75659 on Innovation Pharmaceuticals Inc (IPIX)

[TheHound]

Get out! Really! Wtf....

[r37049]

Ahh. Forgot about that pesky surtax. Keep your income below $250k if married and you will avoid it.

[gostocksgo]

Capital Gains Taxes:

The Tax Foundation (www.TaxFoundation.org) reports that once various phase-outs and available state deductibility of federal taxes have been taken into account, top marginal tax rates on capital gains among the states range from 25% to 33%, resulting in a U.S. average top marginal tax rate on capital gains of 28.7%:

1. Top Marginal Tax Rate on Capital Gains,
by U.S. States (2014)

Rank State State Rate Combined Rate
1 California 13.3% 33.0%
2 New York* 8.8% 31.5%
3 Oregon 9.9% 31.0%
4 Minnesota 9.9% 30.9%
5 New Jersey 9.0% 30.4%
5 Vermont 9.0% 30.4%
7 Maryland* 5.8% 30.3%
8 Maine 8.0% 29.8%
9 Iowa* 9.0% 29.6%
10 Idaho 7.4% 29.4%
10 Hawaii* 7.3% 29.4%
12 Nebraska 6.8% 29.1%
13 Connecticut 6.7% 29.0%
13 Delaware 6.6% 29.0%
15 West Virginia 6.5% 28.9%
16 Georgia 6.0% 28.6%
16 Kentucky 6.0% 28.6%
16 Missouri 6.0% 28.6%
16 Rhode Island 6.0% 28.6%
20 North Carolina 5.8% 28.5%
20 Virginia 5.8% 28.5%
22 Ohio* 5.4% 28.3%
23 Wisconsin* 7.7% 28.2%
23 Oklahoma 5.3% 28.2%
25 Massachusetts 5.2% 28.1%
26 Illinois 5.0% 28.0%
26 Mississippi 5.0% 28.0%
26 Utah 5.0% 28.0%
29 Arkansas* 7.0% 27.9%
29 Montana* 6.9% 27.9%
29 Louisiana* 6.0% 27.9%
29 Kansas 4.8% 27.9%
33 Indiana* 3.4% 27.8%
33 Michigan* 4.4% 27.8%
33 Colorado 4.6% 27.8%
36 Arizona 4.5% 27.7%
37 Alabama* 5.0% 27.4%
38 South Carolina* 7.0% 27.3%
39 Pennsylvania 3.1% 26.8%
40 New Mexico* 4.9% 26.5%
41 North Dakota* 3.2% 26.3%
42 Tennessee 0.0% 25.0%
42 New Hampshire 0.0% 25.0%
42 Alaska 0.0% 25.0%
42 Florida 0.0% 25.0%
42 Nevada 0.0% 25.0%
42 South Dakota 0.0% 25.0%
42 Texas 0.0% 25.0%
42 Washington 0.0% 25.0%
42 Wyoming 0.0% 25.0%
D.C. 9.0% 30.4%
U.S. Average 28.7%
*States that either allow a taxpayer to deduct their federal taxes from state taxable income, have local income taxes, or have special tax treatment of capital gains income.

Not to overstep the boundaries of this board, but my firm helps individuals and businesses with capital gains tax deferral and minimization strategies. Feel free to private message me but please be sure to include your email address so I can reply privately.