There are two types of capital gains: long-term and short-term. Any asset held for less than a year is considered short term and is subject to a different capital gains structure, usually ordinary income.
Other sold assets will be taxed at long-term capital gains rates. The Federal rates are 0%, 15%, or 20%, depending on filing status and taxable income.
In Florida, you are only subject to Federal Capital Gains, which are typically lower than your ordinary income tax rate.
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