10 States With the Lowest to Highest Capital Gains Tax Rate

4. Oregon:

Capital Gains Tax as of 2023: 9.9%

Oregon taxes capital gains as ordinary income. This means that the tax rate for net capital gains is currently set at 9.9%. The state’s capital gains income was deemed controversial in the past as it was apparently driving inequality among its residents. According to a report by the Oregon Center for Public Policy, the top 55% of the residents took over $84.5% of all capital gains income in 2020, compared with just 15.5% taken by the bottom 95% of the residents.