What was the capital gains rate in 2012?

Currently, the Federal top individual capital gains tax rate is 15%, however this rate is set to expire on December 31, 2012 and revert to 20% in 2013.

What is the going rate for capital gains tax?

The long-term capital gains tax rates are 0 percent, 15 percent and 20 percent, depending on your income. These rates are typically much lower than the ordinary income tax rate.

What was the capital gains rate in 2010?

Now capital gains and qualified dividends will continue to be taxed at 15 percent (or 5 percent for lower-income taxpayers) through 2010.

What was the capital gains tax rate in 2008?

Zero capital gains taxes for some On Jan. 1, 2008, the best of all possible tax rates — zero percent — took effect for investors in the 10 percent and 15 percent income tax brackets. Previously these taxpayers had to pay Uncle Sam 5 percent of their long-term capital gains.

What was the highest capital gains tax?

This tax is known as the net investment income tax. Therefore, the top federal tax rate on long-term capital gains is 23.8%.

What is the highest capital gains tax in history?

Taxing capital gains at a lower tax rate than ordinary income is partly a feature of savings-consumption neutral taxation. The highest capital gains tax rates in history date to the 1920s, when capital gains income was subject to a maximum rate of 77 percent.

What is the new capital gains tax rate for 2012?

The inclusion rate is now increased to 33.3% for individuals and 66.6% for companies and trusts. This results in the effective capital gains tax (CGT) rate for individuals, companies and trusts increasing to 13.3% (maximum), 18.6% and 26.7% respectively. These changes will apply to disposals of assets from 1 March 2012.

How are capital gains taxed in the UK?

Capital gains are taxed at normal income tax rates, but only 25% of gains, in the case of individuals, and 50%, in the case of companies and trusts, were so taxed, giving effective rates of 10% (maximum), 14% and 20% respectively. The inclusion rate is now increased to 33.3% for individuals and 66.6% for companies and trusts.

What is the Federal Capital Gains Tax rate?

(a) 28 percent plus a 5 percent surtax on taxable income incomes between $78,401 and $185,730 (joint) and between $47,051 and $109,100 (single) for the purpose of phasing out the benefits of the 15 percent bracket and personal exemptions. Note: The rate remains 28 percent for long-term gains from sales of art works and other collectibles.

What was the tax rate on dividends in 2012?

Dividends tax, which becomes effective on 1 April 2012, was enacted with a rate of 10%, which was the same rate applicable to secondary tax on companies (STC). Similarly, the withholding tax on interest payable to non-residents, which commences on 1 January 2013, has been set at 10%.