The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/since-short-term-capital-gains-are-taxed-as-11654330.aspx

Subject:  Re: long/short term capital gains Date:  12/13/1999  8:32 PM
Author:  RooCat Number:  23049 of 121219

Since short term capital gains are taxed as ordinary income, it could be that you are in the 28% bracket and therefore thinking of that rate. Then again you could be in the 15%, 31, 36, or 39.6% brackets. Just depends on the total taxable income you have. Long term capital gains are taxed either at 10% (for the 15% bracket) or at 20%.

Hope this clears the numbers out of your head for you.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us