An example of a flight data recorder; the underwater locator beacon is the small cylinder on the far right. (Translation of warning message in French: FLIGHT RECORDER DO NOT OPEN) The warning appears in English on the other side.
1 Long-term gains are treated much better. 2  Long-term gains are taxed at 15% or 20% except for taxpayers in the 10% or 15%t bracket. 3  For low-bracket taxpayers, the long-term capital gains rate is 0%. 4  There are exceptions, of course, since this is tax law:.
What is capital gains tax? Capital gains tax is what you need to pay to the IRS if you profited from the sale of your assets or investments, and it doesn't just apply to stocks. If you bought a car for $2,000 and sold it for $2,500, you might be on the hook for taxes on the $500 profit.