Capital Gains Tax Cuts For Middle Income Investors

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Capital Gains Tax Cuts For Middle Income Investors

Capital Gains Tax Basics
Currently, the maximum capital gains tax rate for assets held for more than one year is 15%. Those held for less than one year are subject to the higher tax rates that apply to ordinary income. The 15% capital gains rate applies to taxpayers in the 25%-and-higher income brackets.

In the 10% and 15% brackets, the current tax rate for long-term capital gains is 5%. That is pretty attractive, but it still can't match the 0% rate that will be in effect from 2008 to 2010. This year, taxable income up to $61,300 qualifies a married couple filing jointly for the 15% bracket.


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Looks like its a good time to sell stocks and mutual funds, you won't have to pay capital gains on it as long as your below the 61,300 limit and do it between 2008 and 2010...I was very surprised when I saw this.