Capital gains tax
Definition: [crh] The tax levied on profits from the sale of capital assets. A long-term Definition: "/?rd=capital+gain">capital gain, which is achieved once an asset is held for at least 12 months, is taxed at a maximum rate of 20% (taxpayers in 28% tax bracket) and 10% (taxpayers in 15% tax bracket). Assets held for less than 12 months are taxed at regular income tax levelsDefinition: , and, since January 1, 2000, assets held for at least five years are taxed at 18% and 8%.
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