Meaning CAPITAL GAINS TAX: The tax levied on profits from the sale of capital assets. A long-term capital gain, which is achieved once an asset is held for at least 12 months, is taxed at a maximum rate of 20% (taxpayers in 28% tax bracket) and 10% (taxpayers in 15% tax bracket). Assets held for less than 12 months are taxed at regular income tax levels, and, since January 1, 2000, assets held for at least five years are taxed at 18% and 8%
More terms such as Capital gains tax in Dictionary C.
- Definition Check:
- Examples A bill of exchange representing a draft on a bank from deposited funds that pays a certain sum of money to a certain person or party capital gains tax definition.
- Definition Constant-Dollar Plan:
- Examples purchasing securities by investing a fixed amount of money at set intervals. The investor buys more shares when the price is low and fewer shares when the price is high, thus reducing the overall capital gains tax explain.
- Definition Capital Market:
- Examples The market for trading long-term debt instruments (those that mature in more than one year capital gains tax what is.
- Definition Calendar:
- Examples List of new issues scheduled to come to market shortly capital gains tax meaning.
- Definition COLT (Continuous On-Line Trading System):
- Examples Computerized OTC traders assistance system that provides for trade entry and position monitoring, among other functions capital gains tax abbreviation.
