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View Diary: Do YOU understand how tax brackets work??? (25 comments)

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  •  NO, actually, it's lower than that. (0+ / 0-)

    The tax rate on long-term capital gains is EITHER 0% of 15%, depending on your marginal tax. Most people will be a 0% rate on their capital gains.

    Short-term capital gains ARE taxed as ordinary income.

    The good you do today, will often be forgotten. Do good anyway. ~ Mother Teresa

    by Melanie in IA on Tue Nov 20, 2012 at 01:59:20 PM PST

    [ Parent ]

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