A provision of the Tax Increase Prevention and Reconciliation Act of 2005 that allows individuals who fall within the 10% and 15% tax brackets to sell long term investments without the encumbrance of capital gains taxes. The law originally targeted stock transactions occurring in 2008 but was later amended to include the years 2009 and 2010.
Related information about zero capital gains rate:
- New capital gains rate: zero
No taxes due for some investors -- It's true. The capital gains rate for some taxpayers is now zero. But the key word is ''some.'' Are you eligible for this tax break?
- Zero Capital Gains Rate Definition | Investopedia
The capital gains tax rate of 0% that is charged to individuals who sell property in an "enterprise zone". The zero capital gains rate can be applied by a given ...
- Tax-Free Capital Gains for Some
Mar 3, 2011 ... One group of taxpayers who won't benefit from the zero capital-gains rate are children affected by the “kiddie tax.” Dependent children under 19 ...
- Zero Capital Gains Tax - Forbes.com
Feb 13, 2008 ... Make no mistake: The pool of investors standing to benefit from the zero capital gains rate is quite large. According to the Internal Revenue ...
- What is zero capital gains rate? definition and meaning
Definition of zero capital gains rate: A provision of the Tax Increase Prevention and Reconciliation Act of 2005 that allows individuals who fall within the 10% and ...
- The Capital Gains Tax Rate Should Be Zero « International Liberty
May 3, 2010 ... Given that US government revenues a primarily driven by income taxes, a zero capital gains rate would allow some to restructure their income ...
- The Few, the Proud, the Tax-Free
Jun 16, 2010 ... The Joint Committee on Taxation, he noted, estimates that the zero capital gains rate on this stock will result in a nearly $2 billion tax cut over ...
- Will Romney's capital gains tax cut hurt with the GOP? - CSMonitor ...
Sep 7, 2011 ... Well, even Obama has proposed a zero capital gains rate for small business owners—many of whom Romney would also exempt.