Table 1.2
Use the following tax rates and income brackets for 2015 to answer the following question(s).
-For a taxpayer in the 25% marginal tax bracket, a long-term capital gain realized in 2015 will be taxed at

Question

Table 1.2
Use the following tax rates and income brackets for 2015 to answer the following question(s). 
-For a taxpayer in the 25% marginal tax bracket, a long-term capital gain realized in 2015 will be taxed at

Quizplus · Accepted Answer

Long-term capital gains are taxed at different rates based on the taxpayer's income level, but for someone in the 25% marginal tax bracket, the tax rate on long-term capital gains in 2015 is 15%.

Table 1.2 Use the Following Tax Rates and Income Brackets for 2015