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Subject:  Capital Gains: This year or next? Date:  6/24/2012  4:41 PM
Author:  MarkEvans24 Number:  116337 of 127513

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%?

Thank you,
Mark Evans
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