Capital Gains Tax and Income Tax are both methods by which governments generate revenue, but they target different types of income. Income tax is levied on the regular income of an individual or ...

Capital gains count as taxable income and can affect your tax bracket, deductions and rates. They are taxed as short-term or long-term gains depending on how long you owned the asset and your total ...

The alternative minimum tax (AMT) is a separate tax system that makes sure people with high incomes still pay some tax, even if they have a lot of deductions. It removes some common deductions, like ...