Open feenberg opened 3 weeks ago
@PavelMakarchuk is this states that levy a different rate structure for cg vs other income?
I don't think long term gains are considered in any state. I gave a single taxpayer 10000000 in ltcg and got these results by state:
state v36 siitax
2 0 0
3 0 -50
4 0 0
5 0 -1117
6 0 -661
7 0 0
8 0 0
9 0 0
10 0 0
11 0 0
12 0 -440
13 0 0
14 0 0
15 0 0
16 0 0
17 0 0
18 0 0
19 0 0
20 0 -200
21 0 -500
22 0 -310
23 0 -425.6000061
24 0 -1750
25 0 0
26 0 0
27 0 0
28 0 0
29 0 0
30 -2400 0
31 0 -1000
32 0 -881
33 0 -660
34 -22125 0
35 0 0
36 0 0
37 0 -80
38 0 -1000
39 0 0
40 0 -250
41 0 0
42 0 0
43 0 0
44 0 0
45 0 0
46 0 -1000
47 0 0
48 0 0
49 0 0
50 0 0
The negative values for Taxable Income (v36) probably signify errors in the calculators for NH and NJ.
@noman404 we would need to long_term_capital_gains
(person level) to the household inputs to fix this issue
I checked:
36 OR 14 IL 07 CT 09 DC 33 NY 18 KY
and in none of them does a single 2023 taxpayer with 81000 of ltcg and no deductions or dependents show any taxable iincome (v36) or state tax (siitax).