Currently,the top tax rates for an individual with long-term capital gains on the sale of stock and on the sales of collectibles are:
A)0%,15%.
B)15%,25%.
C)20%,28%.
D)25%,28%.

Question

Quizplus · Accepted Answer

According to the current tax laws, the top tax rate for long-term capital gains on the sale of stock is 20%, and for the sales of collectibles, it is 28%. Hence, the correct choice is C. Choice A is incorrect because the 0% rate is only applicable to individuals in the 10% or 12% tax bracket. Choice B is also incorrect because the 25% rate is not applicable to long-term capital gains on the sale of stock. Therefore, C is the best choice.

Currently,the Top Tax Rates for an Individual with Long-Term Capital