Sharon and Gray file a joint tax return and have $750,000 of taxable income in 2021. They had $50,000 of long term capital gains. At what tax rate will they be taxed on their long-term capital gains?

		Ordinary income rates
		15%
		20%
		25%

Answer rating: 100% (QA)

For the tax year 2021 longterm capital gains tax rates are typically lower than ordi... View the full answer