Friday, June 7, 2013

Capital Gains Rates in Various European Countries

The chart below, from the Internet, shows the capital gains rates for various European countries in stark contrast.  It ranges from no tax ("pas d'impot") in the Netherlands, to a two tier 22%/26% rate in Germany, to a highly complicated looping flowchart that calculates the rate for France. 

The capital gains rates in the United States are similarly complicated:
1. 15% for long-term capital gains, but 20% for high-income households
2. up to 40% for short-term capital gains
3. 28% for gains on collectibles
4. 25% for certain gains on real estate
5. 0% for certain exempt gains, such as gains from the sale of a principal residence and capital gains for low-income households (but not their collectible gains)
6. 0% or 7% or 14% for gains from the sale of small business stock, depending on when the small business was formed

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