Investors in Low 10% or 15% Tax Brackets are Tax Free in Capital Gains
From 2008-2010 investors that fall in the low and gifted 10% or 15% tax brackets will have great capital gains benefits.
For the next three years from 2008 to 2010 in the tax brackets of 10% or 15% will not have to pay anything on qualified long-term capital gains and qualified dividends. In the above tax brackets to familiar 15% rate will still apply. For the short-term capital gains and disqualified dividends you will pay the marginal tax rate just like other ordinary income.
That means extra money in your pocket and a major tax relief if you do qualify.
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