tax rate for long term capital gains?

Question

what is the tax rate for long term capital gains and that for short term capital gains?

Answer 1

Short-term gains are taxed as ordinary income. Therefore, the nominal tax rate will be whatever tax bracket you are in.

Long-term gains are taxed at 5% if you are in the 10% or 15% federal tax brackets. Long-term gains are taxed at 15% if you are fall in one of the higher income-tax brackets (e.g., 25%, 28%, and so on).

Answer 2

tma is correct for short term capital gains rate, and for long term also for most items. On collectibles, the max rate on long term cap gains is 28%. A couple kinds of business gains also have different lt rates than the 5/15%.