ANSWERS: 2
  • Generally, no. Congress sets the tax rates and states do not supercede Congress. Further information: http://en.wikipedia.org/wiki/Capital_gains_tax#United_States
  • Most states tax capital gains as they do ordinary income. Since each state can choose the way they wish to tax, you need to check your state for its rate. Cities can at times also impose a capital gains tax in addition to state and Federal Capital gains. www.savegainstax.com

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