In November 2019, Ben and Betty (married, filing jointly) have a long-term capital gain of $54,000 on the sale of stock. They have no other capital gains and losses for the year. Their ordinary income for the year after the standard deduction is $72,500, making their total taxable income for the year . In 2019, married taxpayers pay 0 percent on long-term gains up to $78,750. What will be their 2019 total tax liability assuming a tax of $8,315 on the $72,500 of ordinary income?
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In November 2019, Ben and Betty (married, filing jointly) have a long-term capital gain of $54,000 o...
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