Hacker News Reader

Just to clarify for those who might misinterpret what you said, the top long-term capital gains tax rate is 23.8%. The only people eligible for 0% long-term capital gains tax rate are people in the lowest tax brackets.

View on HN

I believe the parent is referring to Qualified Small Business Stock. New issues of stock (meeting certain requirements: certain date ranges, company must be valued at less than $50M, keep all it's assets in "productive" investments, not passive such as real estate or other stock) can be completely excluded from long term capital gains tax.

https://blog.wealthfront.com/qualified-small-business-stock/ has a nice summary.

Or: http://www.jeremytunnell.com/posts/a-guide-to-section-1202-t...

Reply on news.ycombinator.com