CALCMONEY // CAPITAL GAINS // FL
Florida has no state capital gains tax. You owe only the federal rate: 20% + 3.8% NIIT = 23.8% on large long-term gains.
Calculate Your GainNone
23.8%
$119,000
$238,000
| Tax Component | Rate | On $500K Gain | On $1M Gain |
|---|---|---|---|
| Federal Long-Term Rate | 20.0% | $100,000 | $200,000 |
| Net Investment Income Tax (NIIT) | 3.8% | $19,000 | $38,000 |
| Florida State TaxNo tax | 0.0% | $0 | $0 |
| Total Tax Owed | 23.8% | $119,000 | $238,000 |
| Net Proceeds (after tax) | $381,000 | $762,000 |
Federal rate assumes income in the 20% long-term bracket. NIIT applies to investors with MAGI above $200K (single) or $250K (married). State rate shown is the top applicable rate.
Florida imposes no state tax on capital gains. Florida has no state income tax and no capital gains tax. A $1M gain in Florida avoids $133,000 in state tax compared to California.
Florida has no state income tax and no capital gains tax. A $1M gain in Florida avoids $133,000 in state tax compared to California.
On a $1M long-term gain, a FL investor owes $238,000 total versus $371,000 in California or $326,200 in New York. The FL advantage scales significantly on larger exits.
The NIIT (3.8%) still applies regardless of state for investors with MAGI above $200K single or $250K married filing jointly.
| Alaska | None |
| Nevada | None |
| New Hampshire | None |
| South Dakota | None |
| Tennessee | None |
| California | 13.3% |
| New Jersey | 10.8% |
| District of Columbia | 10.8% |
| Oregon | 9.9% |
| Minnesota | 9.8% |
North Dakota
2.5% state rate
TXTexas
No state tax
PAPennsylvania
3.1% state rate
WIWisconsin
7.6% state rate