Capital Gains Taxes. What is the difference in tax rates on long-term versus short-term capital gains?
Income from interest payments, coupon payments, and capital gains on assets held for less than a year are: (Select the best answer below.)
A. taxed at a higher rate than ordinary income. These are short-term capital gains.
B. taxed as ordinary income. These are long-term capital gains.
C. taxed as ordinary income. These are short-term capital gains.
D. taxed at a lower rate than ordinary income. These are short-term capital gains.
Capital gains resulting from the sale of investments held more than one year? are: ?(Select the best answer? below.)
A. short-term capital gains and are taxed at a lower rate than ordinary income for most investors.
B. ?long-term capital gains and are taxed at a lower rate than ordinary income for most investors.
C. long-term capital gains and are taxed at a higher rate than ordinary income for most investors.
D. ?long-term capital gains and are taxed as ordinary income for most investors.