Most workers are familiar with the progressive income tax: Money earned in wages or salary is taxed at a higher rate the more you earn. For 2011, a married couple earning a total of $50,000 – after deductions – is subject to a maximum tax rate of 15 percent; those earning more than $379,150 will pay 35 percent on some of their income.
But capital gains – the profit made from selling an asset, such as real estate or stocks – are taxed differently. Though there are some exceptions, this money is generally assessed at a rate of 15 percent.
