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Just to clarify for those who might misinterpret what you said, the top long-term capital gains tax rate is 23.8%. The only people eligible for 0% long-term cap
by ageek123 11y ago
Just to clarify for those who might misinterpret what you said, the top long-term capital gains tax rate is 23.8%. The only people eligible for 0% long-term capital gains tax rate are people in the lowest tax brackets.
- jaycroft 11y agoI believe the parent is referring to Qualified Small Business Stock. New issues of stock (meeting certain requirements: certain date ranges, company must be valued at less than $50M, keep all it's assets in "productive" investments, not passive such as real estate or other stock) can be completely excluded from long term capital gains tax. https://blog.wealthfront.com/qualified-small-business-stock/ https://blog.wealthfront.com/qualified-small-business-stock/ has a nice summary.
- jeremyt 11y agoOr: http://www.jeremytunnell.com/posts/a-guide-to-section-1202-tax-benefits-for-entrepreneurs http://www.jeremytunnell.com/posts/a-guide-to-section-1202-t...