Which of these statements regarding long-term capital gains rates is NOT correct?

The statement regarding the long-term capital gain holding period being one year is not accurate because the holding period for capital gains is indeed one year. The distinction here lies in understanding that for an asset to qualify as a long-term capital asset, it must be held for more than one year. This means if an asset is sold after being held for one year or longer, it will be considered a long-term capital gain. Each of the other statements is correct regarding capital gains rates and the specific maximum rates applicable to certain types of assets, including collectibles and unrecaptured Section 1250 income. Thus, the confusion arises from the wording of the statement about the holding period, which must exceed one year for the gains to be classified as long-term.