Capital Gains?

Question

When selling a stock for a gain in the US, what is the difference in capital gains tax for a stock held for more than one year vs. a stock held for less than one year?

Answer 1

Gains on sale of stocks held one year or less are taxed as ordinary income, so at whatever bracket you are in. Long term capital gains, on assets held over a year, are taxed at 15% if your bracket is higher than that, otherwise at 5%.