Capital Gains Tax Rates in 2013: going up!

According to the Tax Policy Center, Americans can expect the Capital Gains Rate to rise at year end as the Center's chart below shows.

The second column (rates rise from 15% to 18.8%) adds an additional 3.8% that was included in the Obamacare legislation and assumes that the 2001 & 2003 rate cuts are extended. The third column (rates rise from 15% to 25%) assumes the 2001 & 2003 rate cuts are not extended and therefore that the "Pease" limitation on itemized deductions returns.

More detail and in-depth discussion can be found at the Donald Marron's Tax Policy Center Blog Post, here.