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PERSONAL FINANCE GLOSSARY


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Current TermLong-Term Capital Gains
Long-Term Capital Gains
Net gains on assets sold 12 months or more after purchase; taxed at a rate of 20% (10% for certain tax brackets). Assets purchased after December 31, 2000 that are held for more than 5 years and then sold will be taxed at 18% (8% for certain tax brackets).