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Capital Gains Tax Rates to be Reduced Prior to 2008, long-term capital gains from the sale of assets held longer than one year were taxed at a maximum rate of five percent to the extent the seller was in the 10 or 15 percent tax brackets. In 2008, the five percent maximum rate drops to …

Capital Gains Tax Laws Explained Would you like to know what is considered capital gains by the IRS? Would you like to know how much it might cost you? Capital gains is what the IRS says is your profit when you sell something that is defined as a capital asset. Real estate, mutual fund shares, …