loan,banking and credit
*Loan,banking and credit>>>income tax

If your income is only long-term capital gains, do you have to pay FICA taxes as well as Capital Gains Tax?


If your income is only long-term capital gains, do you have to pay FICA taxes as well as Capital Gains Tax?

No, FICA taxes only apply to wages and self-employment income. Those are both earned income, and long-term capital gains is unearned income.
Long term capital gains are only subject to income tax upto 15%, no FICA is imposed.
You don't pay FICA on capital gains.
Tags
tax software tax table tax tips tax year income tax business tax car tax child tax cigarette tax corporate tax
Related information
  • If your income is only long-term capital gains, do you have to pay FICA taxes as well as Capital Gains Tax?
  • What's the difference between "payroll" tax and corporate or income tax?
  • What law, specifically, requires Americans to pay income tax?
  • Do you pay income tax if you're an US citizen living abroad?
  • Does NY State income tax exclusion on up to $20000/yr private pensions apply to rollover IRA withdrawals?
  • When filing income tax- Is it possible to file as "Single Parent AND "Head of Household", or is it one or...
  • State income tax for summer interns -- which state?
  • Federal Income Tax unconstitutional? No law exists that requires you to pay?
    •    

    SiteMap--Copyright/IP Policy--Contact Webmaster--Resource of HR
    For personal non-commercial use only.