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Author: JDOyster Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75383  
Subject: Re: IRA and stock or fund holding time Date: 7/18/2000 4:52 PM
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Stocks purchased on or after 1/1/98 and are held equal to or less than 12 months are taxed at 39.6%, whereas stocks held over 12months (a year and a day) are taxed at 20%--approximately 1/2 the tax.

Is this how STCG taxes work? I thought that short-term capital gains were taxed at your marginal rate (which, for many of us, will be below the top rate of 39.6%)...

And isn't there a 10% capital gain rate for people in the 15% tax bracket?

Thanks,
JDOyster
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