No, capital gains taxes are in addition to any other taxes you are already paying from other income sources. And how much income you have from other sources plus your capital gains can determine your tax bracket as well as capital gains tax rate. For instance, let's say you have a job that paid you $100,000 salary, and had an additional $5,000 of long-term capital gains. For arguments sake we will say your taxable income (after either the standard or itemized deductions) puts you in the 22% tax bracket. For income you receive above the bracket line, you will pay tax at the 22% rate. However, the $5,000 long-term capital gain is taxed at 15%, not 22%.
If, instead, your salary were $40,000, you likely are in the 12% tax bracket. Income above the tax bracket line is taxed at 12%. However, your $5,000 capital gains would be taxed at 0%, unless the capital gains pushes you into another tax bracket. (You would pay 15% on the amount of capital gains that is in another tax bracket). The amount of tax you pay on capital gains is determined after having determined how much your other income is taxable and taxed, to see which tax bracket the capital gains are in.
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