Capital Gains Tax and Capital Gains Tax Laws

Important Capital gains tax laws

The most important capital gains tax laws are found in the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA). The Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA) made the capital gains tax laws which reduced the long term capital gains tax rates through 2008. The Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA) made no changes to the short term capital gains tax rate which is taxed at the taxpayer's marginal income tax bracket.

Long Term Capital Gains Tax Rates
If net capital gains is from ...	The maximum capital gains tax rate is:
Other capital gains (1) that falls in the 10% or 15% tax brackets	5%
Other capital gains (1) that falls in the 25% or higher tax brackets	15%
Unrecaptured section 1250 gain	25%
Gain on qualified small business stock	28%
Collectibles capital gains	28%
(1)Other capital gains means any capital gains that is not collectible capital gains, gains on qualified small business stock or unrecaptured section 1250 gains.

• What can an investor do to offset realized capital gains?
• How do capital gains and capital losses offset each other?
• Capital Gains Tax Laws - wrong for America
• Capital Gain Taxes
• Laws Regarding Capital Gain on Homes
• Capital Gains Taxes & Capital gains terms
• What is Cost Basis?
• Types of Cost Basis
• How to Figure Capital Gains Tax?