Don't Be Swayed By Capital Gain Tax Changes
In the months ahead, many money managers and investors will be grappling with a tax-code uncertainty that could have an effect on how stocks finish the year. There is a chance that the capital gains tax rate will increase in 2013.
Currently, the long-term capital gain tax rate is 15%, while the tax rate for short-term capital gains (gains incurred in less than one year) is 35%. At the end of this year, the Bush-era tax cuts are set to expire. Starting next year, the long-term cap gain rate will jump to 20% while the short-term cap gain rate will jump to 40.8%. On top of that, the health care law adds a 3.8% tax on qualified investment income sources....437 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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