Can someone please explain my personal gains tax like I’m a moron?


Let’s say I made $1000 in gains when I sold stocks.

I live in CT. Am I correct that I will owe 15% to federal and 7% to the state? (So 22% total?)

I just don’t want to be in for a shock come next year’s tax time.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *