1. YES that’s only for a Superfund.
2.For others, it depends on their other income and therefore their marginal tax rate.
If you earn under $90k, you are in the 34.5% bracket and so the gain is taxed at 17.25% etc.
Generally speaking only. Eg the gain might make you straddle the next bracket of 39% and gain is taxed at 19.5% etc. or a combo of 17.25/19.5 weighted average.
Figures include Medicare levy of 2%.
1. YES that’s only for a Superfund.2.For others, it depends on...
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