The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Capital Gains: This year or next?||Date: 6/24/2012 4:41 PM|
|Author: MarkEvans24||Number: 116337 of 122527|
Hi Fellow Fools, I am considering some profit taking and could do it this year or next. The rub is that my income is very low, which would put me in the 10% bracket (right?).
Is capital gains capped at 15%, or would mine be lower, at my income bracket. (10%).
Assuming the tax cuts expire, would I pay 20% on my cap gains next year, or would my capital gains be taxed at my ordinary income rate of 10%?
Bonus question: at what income level do rates go from 10% to 15%?
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