<P> In the United States of America, individuals and corporations pay U.S. federal income tax on the net total of all their capital gains . The tax rate depends on both the investor's tax bracket and the amount of time the investment was held . Short - term capital gains are taxed at the investor's ordinary income tax rate and are defined as investments held for a year or less before being sold . Long - term capital gains, on dispositions of assets held for more than one year, are taxed at a lower rate . </P> <P> The United States taxes short - term capital gains at the same rate as it taxes ordinary income . Long - term capital gains are taxed at lower rates shown in the table below . (Qualified dividends receive the same preference .) </P> <Table> <Tr> <Th_colspan="5"> Filing status and annual income - 2018 </Th> <Th> Long - term capital gain rate </Th> </Tr> <Tr> <Th> Single </Th> <Th> Married Filing Jointly or Qualified Widow (er) </Th> <Th> Married Filing Separately </Th> <Th> Head of Household </Th> <Th> Trusts and Estates </Th> </Tr> <Tr> <Td> $0--$38,600 </Td> <Td> $0--$77,200 </Td> <Td> $0--$38,600 </Td> <Td> $0--$51,700 </Td> <Td> $0--$2,600 </Td> <Td> 0% </Td> </Tr> <Tr> <Td> $38,601--$425,800 </Td> <Td> $77,201--$479,000 </Td> <Td> $38,601--$239,500 </Td> <Td> $51,701--$452,400 </Td> <Td> $2,601--$12,700 </Td> <Td> 15% </Td> </Tr> <Tr> <Td> Over $425,800 </Td> <Td> Over $479,000 </Td> <Td> Over $239,500 </Td> <Td> Over $452,400 </Td> <Td> Over $12,700 </Td> <Td> 20% </Td> </Tr> </Table> <Tr> <Th_colspan="5"> Filing status and annual income - 2018 </Th> <Th> Long - term capital gain rate </Th> </Tr>

When does capital gains tax go to 20
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