Capital gain taxes are based in large part on your ordinary tax rate....

* Ordinary tax rate 10%, long term capital gains tax 0%, short term capital gains tax 10%

* Ordinary tax rate 15%, long term capital gains tax 0%, short term capital gains tax 15%

* Ordinary tax rate 25%, long term capital gains tax 15%, short term capital gains tax 25%

* Ordinary tax rate 28%, long term capital gains tax 15%, short term capital gains tax 28%

* Ordinary tax rate 33%, long term capital gains tax 15%, short term capital gains tax 33%

* Ordinary tax rate 35%, long term capital gains tax 15%, short term capital gains tax 35%

A capital gains tax is applied to the sale of financial assets. The capital gains tax in Ohio is 15 percent.

The capital gains tax rates are determined by the type of investment asset and the holding period of the asset. In additional to the federal capital gains tax rates, your capital gains will also be subject to state income taxes. Many states do not have separate capital gains tax rates. Instead, most states will tax your capital gains as ordinary income subject to the state income taxes rates.

Higher the capital gains tax, lesser would be incentive for investment.

The capital gains tax rates are determined by the type of investment asset and the holding period of the asset. In additional to the federal capital gains tax rates, your capital gains will also be subject to state income taxes. Many states do not have separate capital gains tax rates. Instead, most states will tax your capital gains as ordinary income subject to the state income taxes rates.