For corporations and individuals, net long-term capital gains are taxed at ordinary income rates.

Question

Quizplus · Accepted Answer

Net long-term capital gains are taxed at lower rates than ordinary income rates. For individuals, the tax rates on long-term capital gains typically range from 0% to 20%, depending on their income level. For corporations, the tax rates on long-term capital gains are generally lower than their ordinary income tax rates.

For Corporations and Individuals, Net Long-Term Capital Gains Are Taxed