GSDT Fintech Group Inc. (GSDT)

[Gran Pop]

Banjo,

Starting with 2008, there's a new zero percent tax rate on long-term capital gains. The zero percent rate applies to individuals who are in the 10% and 15% marginal tax brackets. The zero percent rate is scheduled to expire at the end of 2010, when capital gains rates will increase to at least 15%.


Capital Gains Tax Rates

Type of Capital Asset Holding Period Tax Rate
Short-term capital gains (STCG) One year or less Ordinary income tax rates up to 35%
Long-term capital gains (LTCG) More than one year 5% for taxpayers in the 10% and 15% tax brackets (zero percent starting in 2008)
15% for taxpayers in the 25%, 28%, 33%, and 35% tax brackets
Collectibles One year or less STCG tax rates up to 35%
Collectibles More than one year 28%
Small Business Stock Gains (Section 1202) More than five years 28% on the gain not excluded
Real Estate Main Home One year or less STCG
More than one year LTCG taxed at 5% or 15% after any exclusion amount

Marvin