How Much is Capital Gains Tax in 2009, 2010
What is the difference between short-term and long-term capital gains?
A short-term capital gain is when you receive gains from either a property or investment that you owned for less than a year. A short-term capital gain is taxed much higher than a long-term gain. Short-term capital gains are taxed at your maximum tax rate, which could be up to 35%.
A long-term capital gain is taxed at 15% unless you are considered low income. Currently if you are in the 10-15% tax bracket as a taxpayer then you do not have to pay anything on your long-term capital gains. This 0% tax rate is only temporary to help stimulate the economy so take advantage of it now.
Read More, http://hubpages.com/hub/How-Much-is-Capital-Gains-Tax-in-2009--2010
A short-term capital gain is when you receive gains from either a property or investment that you owned for less than a year. A short-term capital gain is taxed much higher than a long-term gain. Short-term capital gains are taxed at your maximum tax rate, which could be up to 35%.
A long-term capital gain is taxed at 15% unless you are considered low income. Currently if you are in the 10-15% tax bracket as a taxpayer then you do not have to pay anything on your long-term capital gains. This 0% tax rate is only temporary to help stimulate the economy so take advantage of it now.
Read More, http://hubpages.com/hub/How-Much-is-Capital-Gains-Tax-in-2009--2010
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| Categories: | how much capital gains tax |
| Added: | on Jun 30, 2009 at 6:47 pm |
| Added By: | tsmith2724 |
| Searches: | gain capital tax long-term short-term |
