An example of a flight data recorder; the underwater locator beacon is the small cylinder on the far right. (Translation of warning message in French: FLIGHT RECORDER DO NOT OPEN) The warning appears in English on the other side.
1 Long-term gains are treated much better. 2  Long-term gains are taxed at 15% or 20% except for taxpayers in the 10% or 15%t bracket. 3  For low-bracket taxpayers, the long-term capital gains rate is 0%. 4  There are exceptions, of course, since this is tax law:.
Gains from the sale of assets owned for 12 months or less are short-term capital gains and are taxed in your top tax bracket, just like salary. For most assets owned more than 12 months, profits are considered long-term capital gains and are taxed at 0, 15, or 20 percent.