Q:

What was the federal capital gains tax rate in 2013?

A:

Quick Answer

The federal capital gains tax rate in 2013 ranged from 10 to 43.4 percent for a seller who had owned the item for less than a year to 0 percent to 23.8 percent for a seller who owned the item at least a year, notes TaxFoundation.org. The rate increased from the previous year, notes Forbes.

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Full Answer

The rate for someone who owned an item less than a year was the same as the marginal income tax rate for the 10, 15, 25, 33, 38 percent brackets. Someone with a marginal tax rate of 35 percent paid a capital gains tax rate of 38.8 percent that year, while someone with a 39.6 percent tax rate paid 43.4 percent, notes TaxFoundation.org. If the person owned the item for more than a year and had a marginal tax rate of 10 or 15 percent during the selling year, there was no capital gains tax rate. Otherwise, the person paid a capital gains tax rate of 15 percent if the marginal income tax rate was 25, 28 or 33 percent, 18.8 percent if the marginal income tax rate was 35 percent or 23.8 percent if the marginal income tax rate was 39.6 percent, notes TaxFoundation.org.

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