Capital gains are subject to different tax rates from "summary" of Income Tax Fundamentals 2021 by Gerald E. Whittenburg,Martha Altus-Buller,Steven Gill
Capital gains are subject to different tax rates depending on how long the taxpayer holds the investment before selling it. Short-term capital gains are those from the sale of assets held for one year or less. Short-term capital gains are taxed at the same rates as ordinary income, which can be as high as 37% for individuals in the highest tax bracket. On the other hand, long-term capital gains are from assets held for more than one year. Long-term capital gains are subject to preferential tax rates that are generally lower than tho...Similar Posts
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