The current congress has yet to do this. They should pass something (they BETER pass something) but as of right now they haven’t and many more people than the 2006 calculator would indicate would fall prey.

There is a 2007 one available at HR Block. I would imagine this is based on current tax law and may be more accurate (unless/until a fix is passed)

For a married couple, that means taxable income of less than $63,700 and $31,850 for a single filer. If you make more than that, you’ll still be paying 15% on any capital gains. There is a good overview at USAToday: 2008 drop in capital gains rate won’t be for everyone

This sentence is a bit misleading. I think what you wanted to say here is that if you are in 10% or 15% INCOME tax brackets (which means that you currently qualify for 5% long term capital gains rate), you will pay 0% in 2008 but only on the portion of long term capital gains that doesn’t bring your income to 25% tax bracket. E.g. if your income is 20K below 25% income tax bracket, and you got 100K in capital gains, your rate on 20K out of this 100K will be 0%; your rate on remaining 80K will be 15%.

15% is the standard long term rate this year for those whose income is too high to qualify for lower rate. The rate for these tax brackets will still be 15% in 2008 (and possibly more thereafter).