How does California tax capital gains?

Unlike the federal government, California makes no distinction between short-term and long-term capital gains – or even between capital gains and ordinary income. Instead, it taxes all capital gains as ordinary income, using the same rates and brackets as the regular state income tax: California Capital Gains Tax Rates

Does California have a high capital gain rate?

However, California’s 13.3% rate still applies to capital gain, and that very high rate has long been an irritant to California investors. At the federal level, there is a big benefit accorded to long term capital gains. The top federal ordinary income rate is 37%, while the federal capital gain rate is 20% for higher income taxpayers.

How much is capital gains tax in Los Angeles?

Capital gains tax rates range from zero percent up to 37%, depending on the type of capital gains being taxed. It has been my experience as a Los Angeles financial planner; many people ignore state capital gains taxes when doing their tax planning (that is, assuming they are doing any tax planning at all).