March 4th, 2013

What is the short and long term capital gains tax rate for 2013? Why should you care?

4 thoughts on “March 4th, 2013”

  1. Katherine Graham says:

    The short-term tax rate for 2013 is 43.4%; the long-term tax rate for 2013 is 23.8%. I should care, because if I plan on investing, it is good to know that long-term capital gains are taxed at a lower rate than short-term capital gains.

  2. Mike Finley says:

    That was an interesting answer, Katherine. Where did you get those numbers? I’m sure you did not pull them out of mid-air, but they do confuse me a bit. Here are the capital gain rates for 2013.

    Short-term capital gains (hold securities 1 year or less) run from 10% (lowest tax bracket) all the way up to 35% (highest tax bracket). Short-term rates are taxed as ordinary income which is what happens when you buy and sell your investments often (mistake). Long-term capital gains (held longer than 1 year) run from 0% for people in the 10 to 15% tax bracket and then 15% for people in the upper tax brackets.

    What is the bottom line? Avoid short trading with your assets and this will reduce your short-term capital gains. Buy your assets (no-load index mutual funds) and hold on to them for a LONG time. Patience and time are your friends.

  3. Katherine Graham says:

    I guess I found those rates at a non-credible source :S I should have went with my gut and put the original answer I had found; Short-term capital gains: anywhere from 10-35%, and long-term capital gains: 0% if you are in the ten or fifteen percent tax brackets; 15% if you are in the twenty-five percent tax bracket or higher.

  4. Mike Finley says:

    Well done, Katherine. Finding credible sources has been harder and harder over time. It is something we all deal with.

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