### Question
How is the "28-percent rate gain" defined?


### Answer
The term **28-percent rate gain** is defined in *26 U.S.C. § 1* as follows -

> the excess (if any) of—


(A) the sum of—


(i) collectibles gain

#### Citation:
  - *26 U.S.C. § 1*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART I-TAX ON INDIVIDUALS**

