What is the capital gains tax on long term?

Tax Rate on Long-Term Capital GainsCapital gain income from assets held longer than one year are generally taxed at a special long-term capital gains rate. The rate that applies depends on which ordinary income tax bracket you fall under.

• Zero percent rate if your total income (including capital gain income) places you in the ten or fifteen percent tax brackets.
• 15% rate if your total income (including capital gain income) places you in the twenty-five percent tax bracket or higher.

For 2010 Tax, Single can make $34,500 (If Capital Gain alone) and pay no Federal Tax. For married it is $68,675.

Remember, you might have to pay state tax.

Cool huh?