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Federal Capital Gains Tax Rates - Current to 2007 | The Settlement Institute



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Federal Capital Gains Tax Rates - Current to 2007

By Admin | August 13, 2007

Many people are very surprised to find out that the 15% Federal capital gains tax rate does NOT apply for all transactions.

Yes, there is a 15% Federal capital gains tax rate; however, it does NOT apply for every one.

To help you see the various Federal capital gains tax rates we’ve put together a quick table for you to reference:

Federal Capital Gains Tax Rates: current to 2007

Capital Asset Type

Period of Time Held

Capital Gains 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
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

As you can see, there are various Federal capital gains tax rates that tax different assets at different rates and different incomes at different rates.

Most everyone falls into the 15% tax rate for appreciated real estate, but make sure before you go through with the sale.

Be sure to bookmark this page or print it off for quick future reference.

Topics: Calculations, Capital Gains, Exit Planning, Selling Real Estate, Selling a Business |

One Response to “Federal Capital Gains Tax Rates - Current to 2007”

  1. The Basics: How to calculate capital gains tax | The Settlement Institute Says:
    August 13th, 2007 at 8:16 pm

    […] Federal Capital Gains Tax Rates - Current to 2007 […]

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