What is the rate of tax on unearned income 2024?

Oliver Evans | 2023-05-08 00:39:42 | page views:1314
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Ethan Clark

Works at the International Committee of the Red Cross, Lives in Geneva, Switzerland.
Tax rules are different for unearned income. Most investment income gets taxed at a rate that's lower than most folks' ordinary income tax rate. Those with very low incomes will pay 0% on qualified dividends and long-term capital gains, while most people will pay 15%. High earners will pay 20%.
2023-05-18 00:39:42

Oliver Smith

QuesHub.com delivers expert answers and knowledge to you.
Tax rules are different for unearned income. Most investment income gets taxed at a rate that's lower than most folks' ordinary income tax rate. Those with very low incomes will pay 0% on qualified dividends and long-term capital gains, while most people will pay 15%. High earners will pay 20%.
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