Thanks so much for your reply. For 2013, the tax laws
of long term capital
gains are as follows:
0% applies to long-term gains if a person is in the 10% and 15% tax brackets,
15% applies to long-term gains if a person is in the 25%, 28%, 33%, or 35% tax brackets, and
20% applies to long-term gains if a person is in the 39.6% tax bracket.
Also, in 2013, capital gain income
will be subject to an additional 3.8% Medicare
tax for taxpayers with income at or above a certain threshold. This 3.8% Medicare surtax applies to taxpayers with “net investment income” in excess of threshold income amounts of $200,000 for single filers and $250,000 for married couples filing
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