What is a tax table for long-term capital gains rates?


Quick Answer

A tax table for long-term capital gains rate is a table dictating the tax rates applicable to the sale or disposition of capital assets held for a year or more, according to the Internal Revenue Service. New tables are often issued yearly as tax rates change.

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Full Answer

The top rate for long-term capital gains that applied to the sale of appreciable assets in 2014 is 15% for single taxpayers with taxable income up to $413,200, according to Charles Schwab. For taxpayers with income above the threshold, the top rate is a flat 20%. The top rate for collectible assets is 28%, while the top rate for depreciation recapture is 25%.

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