The capital gains tax rate on the sale of a primary residence can be as high as 20 percent of the profit on a home owned for more than a year, and as high as 37 percent on one owned for a year or ...

The two of you can shelter up to $500,000 of home sales profits from capital gains taxes. Capital gains also can be reduced if you have capital losses — in other words, if you’ve sold stocks ...

In 2013, the tax rate for dividends and capital gains did move to 20 percent, but only for people making — at the time — $400,000 (individuals) or $450,000 (couples).

For instance, an individual with $350,000 in capital gains would fall into the highest tax bracket, resulting in a state tax liability of approximately $16,273.55 on those gains.