Future of Capital Gains Rates

[ivflight]

Does keeping the Bush tax cuts mean long term capital gains will stay at 15%? Will they keep the 0% ltgc rate for people in the lowest two tax brackets?

Anyone have opinions about near and distant future of the capital gains tax?

 

[ivflight]

No comments?

 

[Zippyjuan]

Unless the law is changed before then, on January 1st the tax rate for all capital gains will go back to their pre-2003 levels. In the case of long term (over one year) capital gains, that would be 10% for the lowest bracket. Short term rates would be 15%.

 

[rckt24]

Does keeping the Bush tax cuts mean long term capital gains will stay at 15%? Will they keep the 0% ltgc rate for people in the lowest two tax brackets?

Anyone have opinions about near and distant future of the capital gains tax?

Looks like it as long as the new bill passes.

http://blogs.forbes.com/deanzerbe/2010/12/10/tax-deal-details-santa-goes-big/