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Posted On: 02/10/2021 7:40:15 PM
Post# of 86260
Re: BUMPERCARS #40363
In the US short-term capital gains (held less than one year) are taxed at the same rate as regular income (from work, etc.), -which is a higher rate.
Long-term capital gains (held for a year or more ) are taxed at a more favorable rate, with a maximum of 23.8% payable in taxes (for 2021).
Both short-term and long-term capital gains are considered part of your overall income.
Long-term capital gains (held for a year or more ) are taxed at a more favorable rate, with a maximum of 23.8% payable in taxes (for 2021).
Both short-term and long-term capital gains are considered part of your overall income.
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