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<a accesskey="3" href="page.php?w=Capital_gains_tax_in_the_United_States&amp;p=2">3.Next</a>
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<p>In the United States, individuals and corporations pay <a href="page.php?w=Capital_gains_tax">a tax</a> on the net total of all their <a href="page.php?w=capital_gain">capital gain</a>s. The tax rate depends on both the investor's <a href="page.php?w=tax_bracket">tax bracket</a> and the amount of time the investment was held. <b>Short-term capital gains</b> are taxed at the investor's <a href="page.php?w=ordinary_income">ordinary income</a> tax rate and are defined as investments held for a year or less before being sold. <b>Long-term capital</b></p><p>
<a accesskey="3" href="page.php?w=Capital_gains_tax_in_the_United_States&amp;p=2">3.Next</a>
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