Long-term capital gains may be taxed at 15 percent for a taxpayer whose gains would otherwise be taxed at 31 percent.

Question

Quizplus · Accepted Answer

This is true. A taxpayer in the 31 percent tax bracket would normally pay 31 percent on their long-term capital gains, but under current tax law, the maximum tax rate on long-term capital gains for taxpayers in the 25 percent to 35 percent tax brackets is 15 percent.

Long-Term Capital Gains May Be Taxed at 15 Percent for a Taxpayer