Good description! The only thing I would add
Post# of 85521
The only thing I would add is that a 3.8% net investment tax will be added to your long- term capital gains tax rate ( e.g. of 15%, 20% etc.) if you are above the following thresholds:
Married filing jointly — $250,000,
Married filing separately — $125,000,
Single or head of household — $200,000.