When you sell an asset for a profit, you may owe capital gains tax. Learn the difference between short-term and long-term gains, current rates, and strategies to minimize your tax bill.
Your marginal rate is the tax on your next dollar. Your effective rate is your total tax divided by total income. Learn how to calculate both and why it matters.
Tax brackets are progressive. You don’t pay your top rate on all your income. Learn marginal brackets, how to estimate taxes, and how to model an effective rate.
See how federal and state taxes impact your net income. Model capital gains, self-employment taxes, and your effective rate.