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 How long do you reckon till dick head Gordon Brown sticks a Tax or licence fee on the Internet????
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 Will i have enough money?
i am 13..... but when i turn 16, i plan on getting a ford mustang.
i could afford this if i got a job at lasertron. they pay 9.25$ an hour. if i work 5 days a week and 4 hours a day, i think i ...


 Can I claim a step-child on my taxes??
My husband and his ex wife have joint custody. She gets to claim one of the kids on her taxes and he gets to claim the other on his. He has back child support to pay on another child from a ...


 What is VAT ?
What is Value Added T...


 If my mom gives me 1.5 mill do I have to pay tax's and if so how much?
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 Can I claim a tax rebate on travel costs to and from work in the UK?
I wok 50 miles away and drive in to work 3 times a week (a 100 mile round trip) and have done this for the last 18 months. I work for the NHS and can apparently claim for lots of other little things, ...


 Emergency Tax Question?
I am moving to the UK in May to start a job. I will not have a national insurance number when I start. So I know I'll be in the emergency tax code for awhile, and I know that eventually I'...


 What does total gross mean?
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 Who is Obama's $250,000 tax incentive really benifitting?
Ok so I heard about Barack Obama proposed tax relief bill to those who are making less than $250,000 but I was just wondering who will it really and truly benefit?.I say this because most politicians ...


 Can I claim my condo as a home business?
I am an indepedent contractor and I invoice my "employer" every month to get my paycheck. I get 1099 at the end of the year and what I charge is what I get. Meaning, no tax, SS, ... is ...


 Are they taking your 2008 Rebate check if you owe IRs, Student Loans, or Child support?
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 LSNT THE STIMULAS INCOME THE BEST THING THEY EVER THOUGH OF?
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 Can a boss change tax rate (allowances/percentage) without the employee's consent? In CA.?
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 British Tax Credits - Driving me mad please help!!!?
Back in September we recived a letter saying Tax Credits owed us £599.67

I phoned and they said a payment had been sent - This was a massive relife my partener only earns £80 per week as ...


 My son is 19 years old and graduated high school in june he earned 12000 dollars can i still claim as dependan
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 Does anyone know whats up with irs "wheres my refund website"?
I did my taxes the 16th on efile the irs accepted it and said Id have it dd by feb 3rd...now it says we are sorry we do not have any info on your refund...and earlier it said please call the irs with ...


 Most EU immigrants dont pay uk car tax. should we say yeah good luck to tax evaders?
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 Why are the people that paid the least amount of taxes getting a stimulus check?
I won't be getting a tax rebate check because apparently I made too much money. I busted my hump last year, paid a ton in taxes and now some trailer doosh is going to get a check and I'm ...


 How much of my salary will I take home?
My new salary will be £26,000.
How much of this will I take home after paying Tax, NI and a 6% pension contribution?...


 My son only lived 11 hours, can i still claim him on my taxes? and if so how much would i get back?
im also made less than 10,000 this year....



Richard
What is capital gains tax?
                     
 




groverraj
Capital Gains Tax is tax imposed on profits from the sale of real estate and stock.


Karamcheti J. N
Invest of Money in Shares,Stock or Mutual funds is called Capital. The Returns you get from this investment is called Capital gains.


Moondog
Rating
It is a tax levied on profits on real estate or financial assets.


lawmom
There are two kinds of capital gains tax. Long term and Short term.

When you buy something as and investment and then sell it, the profit you make is a capital gain, and the government wants their share.

Short term capital gain tax is higher (although I don't know the current rate) and is the rate of tax you pay for any investment bought and sold in less than a year.

Long term capital gain tax is the tax you pay on investments held 1 year or longer, and the Federal rate is currently 15%, which is really cheap. Then you have to pay your state rate as well.

For example, say you buy a stock from a starter company at $1 a share. You hold it two years and sell it for $5 a share. You have to pay tax on the $4 gain for each share.


DEVVO
Rating
sss


ron£million
A capital gains tax (abbreviated: CGT) is a tax charged on capital gains, the profit realized on the sale of an asset that was purchased at a lower price. The most common capital gains are realized from the sale of stocks, bonds, precious metals and property. Not all countries implement a capital gains tax and most have different rates of taxation for individuals and corporations.


abluebobcat
Rating
A tax that you have to pay on any capital gains you make.


cwstufff
You buy a house for $100,000.
One year later you sell it for $115,000.

The fifteen thousand dollar profit is subject to tax.
Your capital (cash) investment (house) has gained (earned) fifteen thousand dollars and you will be taxed as though it is income.


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