Long term tax rate depends on the tax bracket you are in. For 2011, if you are in <=15% bracket (Taxable income <67900), you pay $0 tax for long term gain.Otherwise,15% tax. But there will be a major change from 2013, namely 10% and 20% tax rate. See the following link for details. If I knew this earlier, I should have sold some of my long-term positions in 2011 without paying any tax. http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_St
c*t
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Thanks for everyone's reply. Need to do better job in the future.