afaiu, LONG term cap gains are different from income, but who knows.
In the US the federal long term cap gain tax rate depends on the total income. It can be 0, 15, or 20%.
Then there are state taxes, somewhere between 3-13%, although there are few states with 0%.
Probably true, but a simplification.
according to the blog post i cited,
Example: You are married, have 200K income and 200K long term cap gains.
Your "regular" combined income is taxed at 32%, but your longterm cap gains are taxed at 15%.
See the table in here:
https://erwealth.com/podcastblog/will-capital-gains-push-me-into-a-higher-tax-bracketCapital gains will not cause your ordinary income to be taxed at a higher rate..
So, again, long-term capital gains are taxed at different rates and separately from your ordinary income.
Unless i completely misunderstand their "slang" it appears that you could be taxed differently for reg income and for cap gains.