If you sold stock during the past year, the sales price of that stock is taxable, but you can offset that amount by any cost related to the purchase and sale of the stock. Be sure to contact your stockbroker and ask for a realized gains and loss report. If you paid more than you profited in the sale of a stock, you will be able to claim a loss on your tax return for up to $3,000–thus lowering your taxable income by the same amount. For more practical and easy to understand ad

Angles Pay $23,368,000 More Because of State Income Tax Rate The Anaheim Angels of Los Angeles captured the most sought after free agent this offseason when they signed Albert Pujols to a 10-year, $254 million contract. With a maximum state income tax rate of 9.55% and an additional 1% on income in excess of $1,000,000, CA’s income tax rate is the third highest in the nation, behind only Hawaii and Oregon at 11%. The Angels outbid two teams located in states with significantl