by 67vwanne on August 10th, 2006

67vwanne

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My husband and I just sold a vacant lot we've owned for 2 years. We gained a $30,000 profit and our regular income is about $25,000 a year. Last year's effective tax rate was 4.94%. What will we have to pay in capital gains taxes?

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You're reading My husband and I just sold a vacant lot we've owned for 2 years. We gained a $30,000 profit and our regular income is about $25,000 a year. Last year's effective tax rate was 4.94%. What will we have to pay in capital gains taxes?

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