Tax rates may vary as low as 1% or as high as 13%, depending on the source of the capital gains and an individual’s tax bracket. The capital gains tax rate California currently plans for is one that can vary widely. Shop La Jolla ArtworkĬapital Gains Taxes for the State of CaliforniaĬalifornia taxes capital gains as a source of income without the IRS’s differentiation between long-term or short-term gains. Understanding the different types of capital gains tax, both federally and for the State of California, should be a priority for any individual looking to invest some money and profit from that investment.īefore you invest, know that California treats capital gains as income, regardless of how long the investment was held, and with a few exceptions, especially as these investments are related to Real Estate and retirement accounts. That said, Californians are among the highest-taxed people in the United States, paying everywhere from gas to income to capital gains tax. In addition to the incredible vistas, California provides several additional benefits from great school systems, museums, roads, parks, and more, but those services also come with a bill to be paid. It’s the perfect beaches, mountains, deserts, and cities that make California so desirable for more than 40 million residents and the millions more who visit the state every year.
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