2008 Capital Gains

Frank103 · Joined: 25 Aug 2007 Posts: 8

Is it true that people in the 15% or lower tax bracket will not be taxed on
long-term capital gains? Thanks in advance.
Frank

Archived from group: us>taxes

Arthur Kamlet · Joined: 25 Aug 2007 Posts: 2053

In article ,
Frank103 wrote:
>Is it true that people in the 15% or lower tax bracket will not be taxed on
>long-term capital gains? Thanks in advance.

Yes, for income in that range. Once capital gains or other
income puts you in a bracket above 15%, the LT gains rate is
15%.

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ArtKamlet at a o l dot c o m Columbus OH K2PZH