Can you teach me about capital gains tax?
user
Sure, what would you like to know?
assistant
What percentage do I need to pay on capital gains?
user
The tax rate is 18% for long-term capital gains.  To figure out what you need to pay, add up all the gains you had for the year and multiply by the tax rate.
assistant
What is the percentage for short term gains?
user
Short-term capital gains are taxed at the ordinary income tax rate.  So the tax rate is 35% for all your short-term gains.
assistant
Can you teach me about capital gains tax?
user
Sure, what would you like to know?
assistant
What percentage do I need to pay on capital gains?
user
The tax rate is 18% for long-term capital gains.  To figure out what you need to pay, add up all the gains you had for the year and multiply by the tax rate.
assistant
What is the percentage for short term gains?
user
Short term gains are taxed as ordinary income.  A table will show how much you need to pay at different income levels, so add up all the gains you had for the year and look up the tax rate on that income level.  If your gains are less than $37,500 per year, the tax rate is your regular rate.  If your gains are more than $37,500, you will need to file as a “capital gains” taxpayer and pay the higher tax rate on the rest of your gains.
assistant
Can you teach me about capital gains tax?