patrick.net

FortWayne says

Federal 25.000000%
CALIFORNIA 10.230000%
FICA HI 1.450000%
FICA OAS 4.200000%
Total: 40.880000%

You are wrong.

Those are withholding percentages, not tax rates on capital gains. 10.23% is 10% higher than the former tax bracket of 9.3% and is not the actual tax rate. That is just what the state is withholding as a budget trick -- you still pay the actual tax rate, even though they are over-withholding. The actual tax bracket is 9.55% because all brackets were adjusted by 0.25% recently.

Capital gain doesn't have FICA. If it is long-term capital gain, then it's 15% for federal income tax (or 0% if you are in the 10% or 15% bracket), and if it's short-term, it's at the ordinary income rate.

Did you just get a stock distribution from your company and report the tax withholding? That's what it seems like. Unless you made an 83(b) election, it is ordinary income, not capital gain. Those are the correct withholding percentages on bonuses/stock distributions if you are below $106,800. Bonuses and stock distributions are withheld at 25% for federal income tax, even if your actual marginal tax rate might be higher.

corntrollio says

Did you just get a stock distribution from your company and report the tax withholding?

No, along with Shrek this guy's goal is to spread misinformation. Even if he occasionally has a grain of truth in his comments, it is only to disguise the falsehood.

This is the new conservative tactic in the US. While there are many honest, hard working, and truly concerned conservative citizens with perspectives worth considering, you won't hear them over the din of entities like fox news, Shrek, and this guy. It doesn't matter if you prove an individual point in a post wrong, either - they will just deny and distract forever. You will tire before them because the people pushing this perspective have money already - and are working to protect it. You and I, on the other hand, have to work for our money!

Sadly, there are more and more on the left who resort to the same tactic. I can understand why - at a certain point, you just get tired of fighting fiction with fact - it's much more fun, at least on forums like this, to create a fictional personality and spout equally BS. Then, at least, you are not giving the courtesy of debate to intellectual. My advice - grow potatoes and learn to shoot while you have enough bullets to practice.

Matt.BayArea says

No, along with Shrek this guy's goal is to spread misinformation. Even if he occasionally has a grain of truth in his comments, it is only to disguise the falsehood.

Well, either that or the OP is *actually* misinformed. If the OP got a stock distribution and thought, "oh, this is capital gain because it's stock," the OP would be wrong -- it's ordinary income.

Maybe I'm giving the OP too much faith?