<<<In your Tax Schedule D Question and Answer session here on Motley Fool, you say that there are 3 rate groups, i.e., 28%, 25%, and 20%.I thought that short term capital gains were subject to a 39.6% rate, which was not mentioned. This would mean that there are 4 rates.Please respond. Thanks.Pearfinder>>>Pearfinder,You're right that ST capital gains can be taxable up to 39.6% - that's based on your ordinary income tax rate. Surf on over to http://www.fool.com/school/taxes/taxes33.htm for an in-depth explaination on the capital gains rates. Travzila
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