The government is again overhauling taxes and this time there is a change that will greatly benefit those in lower tax brackets - they won't have to pay any capital gains tax! Obviously, the largest benefactors are retirees that will be able to cash their investments out for free if they fall within these tax brackets. Those with relatives in low tax brackets can also gift investments to them to sell tax-free. The best summary of this rule online right now is over at the CPA Journal for all of those interested in this great new opportunity.

From PFBlog:
Yes, for the next three years (2008 to 2010), taxpayers in those two tax brackets [10% and 15%] won't have to pay anything for long-term capital gains and qualified dividends. The tax rate on such income for those of higher income, will stay at the prevailing rate of 15%. For short-term capital gains and disqualified dividends, all taxpayers still have to pay tax at the marginal tax rate just like other ordinary income.