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
What is considered a long-term capital gain?
user
Long-term capital gains are gains that have not been sold within a year of when you purchased the asset.
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 capital gains are taxed at the ordinary income tax rate.  So the tax rate is 35% for all your short-term gains.
assistant
What is considered a long-term capital gain?
user
The term “long-term” simply means more than one year, but the IRS doesn’t have a specific amount of time.  However, you can think of a “long-term” gain as something that will continue to grow in value after you sell it, and that you might want to keep or re-invest for many years.
assistant
Can you teach me about capital gains tax?