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:.
Capital Gains and Losses. The IRS capital gains rules apply to the trading of stocks. You report the activity and results on Schedule D. If you sell a stock at a profit, you must pay income tax at a rate that varies with long-term (stocks held more than a year) and short-term (less than a year) holdings. If you lose money on the trade, you can deduct the loss from your income. Worthless Stock.