Capital Gains Tax Rates Rise and Fall at a zero percent rate if your total income places you in the 10 - 15% tax brackets, this includes Capital Gain Income. This would be at a 15% rate if your total income places you in the 25% tax bracket or higher, including Capital Gain Income.
The capital gains tax rates are determined by the type of investment asset and the holding period of the asset. In additional to the federal capital gains tax rates, your capital gains will also be subject to state income taxes. Many states do not have separate capital gains tax rates. Instead, most states will tax your capital gains as ordinary income subject to the state income taxes rates.
Unlike the federal government, NJ does not have a special long term capital gains rate. All capital gains are taxed at the same rates as ordinary income.
The basic rate for capital gains taxes seems to be 15%. From their, depending what you are doing the rate can go up. For most people though the rate is 15% ttp://www.farmcpatoday.com/2011/02/08/capital-gains-tax-rates-for-2011/
Long term capital gains are taxed at a federal rate of 0% or 15% which is considerably less than the rates on ordinary income. State income tax treatment of capital gains varies by state.
Capital gain taxes are based in large part on your ordinary tax rate.... * Ordinary tax rate 10%, long term capital gains tax 0%, short term capital gains tax 10% * Ordinary tax rate 15%, long term capital gains tax 0%, short term capital gains tax 15% * Ordinary tax rate 25%, long term capital gains tax 15%, short term capital gains tax 25% * Ordinary tax rate 28%, long term capital gains tax 15%, short term capital gains tax 28% * Ordinary tax rate 33%, long term capital gains tax 15%, short term capital gains tax 33% * Ordinary tax rate 35%, long term capital gains tax 15%, short term capital gains tax 35%
15% for Long Term, Ordinary Rates for short term www.TaxMeThis.com
how do you report long term capital gains and what rate are they taxed
A capital gains tax is a federal tax that is paid by both corporations and individuals on the net total of their capital gains for the year. In the state of Georgia that rate is 6.0 percent.
25%.
California capital gains tax is not different from tax on other forms of income. The rate for income above approximately $48,000 is 9.3%
At this time at the end of the 2010 tax year the capital gains tax rate will be changing for the tax year 2011 unless our elected officials change things before the end of the year 2010.
The federal tax rate for what are known as "qualifying dividends" is the same as the long term capital gains tax rate. The rate for all other dividends is the same as the ordinary income rate. Mutual funds sometimes issue a dividend known as a "capital gains dividend" or a "capital gains distribution." This is a capital gain passed through from the fund and is treated as a long term capital gain to the shareholder.