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To: Ginko who wrote (20547)1/4/1999 8:08:00 PM
From: Logain Ablar  Read Replies (2) | Respond to of 25960
 
Tom:

This years tax act eliminated the mid term capital gains (12 to 18 months). We now have long term (12 month holding period) @ 20% and short term (under 12 months) at the individuals marginal income tax rate (15, 28, 31, 36, 39.6). This excludes any alternative minimum tax considerations.

Don't have a site for you.

Tim



To: Ginko who wrote (20547)1/4/1999 9:33:00 PM
From: Investor2  Respond to of 25960
 
Re: Capital Gains Tax Rates

Short term capital gains are generally taxed at your normal tax rate. Long term capital gains (i.e. greater than one year) are taxed at a maximum rate of 20%, assuming that you are in the 28% tax bracket or higher. If you are in a lower tax bracket, the maximum long term capital tax rate is generally 10%.

For the ultimate word, see:

irs.ustreas.gov

Best wishes,

I2


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