If a single taxpayer with a marginal tax rate of 37% has a long-term capital gain,it is taxed at
A)0%.
B)20%.
C)10%.
D)15%.

Name: If a single taxpayer with a marginal tax rate of 37% has a long-term capital gain,it is taxed at A)0%. B)20%. C)10%. D)15%.
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Question

Quizplus · Accepted Answer

Long-term capital gains tax rates are determined based on income levels. For a taxpayer in the 37% marginal tax bracket, the long-term capital gain tax rate is 20%. So, the correct option is B, which stands for 20%.

If a Single Taxpayer with a Marginal Tax Rate of 37