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:.
If you sell an asset after owning it for more than a year, any gain you have is a long-term capital gain. If you sell an asset you've owned for a year or less, though, it's a short-term capital gain. And the tax bite from short-term gains is significantly larger than that from long-term gains.his happens a lot with investments, but it applies to personal property, too. Buy a used car for $3,000 and sell it for $5,000 a week later, and you have a $2,000 capital gain-same as if you bought stock for $3,000 and sold it for $5,000.