The rate reaches 7.15% at maximum. Taxes capital gains as income and the rate reaches a maximum of 9.85%. New Jersey taxes capital gains as income and the rate reaches 10.75%. New York taxes capital gains as income and the rate reaches 8.82%. Oregon taxes capital gains as income and the rate reaches 9.9%.
What is the tax rate on short-term capital gains?
The tax rate on short-term capital gains (i.e., from the sale of assets held for one year or less) is the same as the rate you pay on wages and other "ordinary" income. Those rates currently range from 10% to 37%, depending on your taxable income. The income thresholds for each tax rate are also adjusted annually for inflation.
What tax rates apply to long-term capital gains?
For most people, three potential tax rates -- 0%, 15%, or 20% -- apply to long-term capital gains, depending on the taxpayer's overall income level for the particular year in question. The table below gives the appropriate taxable income levels depending on tax filing status for 2018. Data source: IRS. Rate thresholds are based on taxable income.
