Here are the 2020 tax brackets. What is your rate?
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How collectibles and stocks are taxed differently The IRS applies different rules to stocks and collectibles, and knowing these tax details can help you save money and avoid confusion. 🔹 Law changes lowered long term stock gains below 28% 🔹 Highest federal tax rate is 37% for ordinary income 🔹 Short term stock sales taxed as ordinary income 🔹 Collectibles taxed up to 28% with no special brackets 🔹 Lower brackets (like 22%) pay ordinary income tax on gains 🔹 The 28% rate applies only to hig
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