Replies to post #28077 on NEWBIES BOARD

[Garyst]

Short term gains are taxed as ordinary income. Long term gains are taxed at a percentage of the income bracket you are in based on your income.

Short-term gains taxed at ordinary income tax rates.

Long-term gains and qualified dividends taxed at

•0% if taxable income falls in the 10% or 15% marginal tax brackets
•15% if taxable income falls in the 25%, 28%, 33%, or 35% marginal tax brackets
•20% if taxable income falls in the 39.6% marginal tax bracket
•25% on Depreciation Recapture
•28% on Collectibles
•28% on qualified small business stock after exclusion


http://taxes.about.com/od/Federal-Income-Taxes/fl/Federal-Income-Tax-Rates-for-the-Year-2014.htm