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20%***. * This rate was reduced one-half percentage point for 2001 and one-half percentage point for 2002 and beyond. ** There was a two percentage point reduction for capital gains from certain assets held for more than five years, resulting in 8% and 18% rates. *** The gain may also be subject to the 3.8% Medicare tax.
Second, the top long-term capital gains marginal tax rate would adjust to the top ordinary income marginal tax rate, meaning it would move from 20% to 39.6% for capital gains.
A capital gains tax ( CGT) is the tax on profits realized on the sale of a non-inventory asset. The most common capital gains are realized from the sale of stocks, bonds, precious metals, real estate, and property . Not all countries impose a capital gains tax, and most have different rates of taxation for individuals compared to corporations.
Long-term capital gains, on the other hand, receive special tax treatment if you reach that one-year threshold. The top federal long-term capital gains rate is 20%, which is lower than all but two ...
The capital gains tax rates are highly advantageous. In fact, a married couple filing jointly has a 0 percent capital gains tax rate if their taxable income is up to $89,250 in 2024 .
If your income is over $83,350 but $517,200 or less, you’ll pay a 15% tax on your long-term capital gains. If your income is above $517,200, you’ll pay 20% tax on your long-term capital gains ...
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