2012 and 2013 Capital Gain Rates
With the recent run-up in stock prices since the first of the year, thoughts begin to turn to “How much will I have to pay in capital gain tax from my investment sale”? Currently, the capital gain rate is 15% on long-term capital gains. Long term capital gains is defined as having held the investment for more than a year. However, if Congress doesn’t extend the current capital gain rates or the Supreme Court doesn’t strike down the health care law, the long-term capital rate is expected to be between 20%-25% beginning in 2013 for high income earners. So I want to know are planning on selling of investments to lock in the profits at the current long-term capital gain rate of 15% or are you like Warren Buffet who hardly ever sells his investments so it doesn’t matter anyway?xx“x
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