No. of Recommendations: 0
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?

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.