Posted in Web The Difference Between Income Tax and Capital Gains Tax October 7, 2021 Capital Gains Tax . Capital gains tax rates depend on how long the seller owned or held the asset. Short-term capital gains, for assets held for less than a year, are taxed at ordinary income … https://www.investopedia.com/ask/answers/052015/what-difference-between-income-tax-and-capital-gains-tax.asp