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URL:  http://boards.fool.com/with-the-bush-tax-cuts-extended-it-is-my-30494122.aspx

Subject:  Re: Long Term Capital Gains Date:  1/18/2013  9:57 PM
Author:  TMFPMarti Number:  117397 of 121341

With the Bush tax cuts extended it is my understanding that the LTGC for 2012/2013 tax years will continue to be taxed at 0% for taxpayers in the 15% marginal tax bracket using the same methodology used in tax year 2011. Is this correct?

Yes and no. The rate statement is correct. However, this rate was made permanent, not just extended for a limited time. Of course, permanent in tax law just means it has no predetermined expiration. Permanence is in the pens of Congress and the President.

Phil
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