Capital Gains Tax Rate 2011
Capital gain or capital loss is best explained as the difference between the amounts you sold your stocks or property and the amount you bought it. It is further categorised as long-term and short-term because they are based on the length of time you have the property before you sold it. For further information on the Capital Gains Tax Rate 2011, there are several web sites dedicated to explain them on layman’s terms. On the other hand, the IRS has provided a more detailed explanation about Capital Gains Tax Rate 2011. The Capital Gains Tax Rate 2011 is generally lower than the tax rates imposed on other types of income. In general, the maximum capital gains rate is 15 percent, but lower income individuals can receive a 0 percent capital gains rate. There are, however, some special types of net capital gains which are taxed between 25 and 28 percent.