0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Cash dividends do you pay capital gains tax?
No. You pay tax on dividends, which is NOT always the same as capital gains tax rate. Cuurently it is pretty much the same. althoug only a few years back it was the same as ordinary income.
What is the dividend tax rate?
The federal tax rate for what are known as "qualifying dividends" is the same as the long term capital gains tax rate. The rate for all other dividends is the same as the ordinary income rate. Mutual funds sometimes issue a dividend known as a "capital gains dividend" or a "capital gains distribution." This is a capital gain passed through from the fund and is treated as a long term capital gain to the shareholder.
What is the capitol gains tax rate for a company?
Business property that is held for one year or less is considered to be held on a short-term basis. If you sell, scrap, retire, or otherwise dispose of a short-term capital asset, any related gains will be taxed at your ordinary income tax rate. However, if the property was held for more than one year, gains on it will generally be treated as long-term capital gains. While property used in a trade or business is technically not a "capital asset," in the IRS's view, the tax laws do apply the more favorable capital gains tax rates to this property. In 2003, Congress lowered the maximum dividend and capital gains tax rates for most (but not all) dividends and capital gains from 20 to 15 percent for qualifying taxpayers. Taxpayers in the 10- and 15-percent tax brackets are eligible for an even lower rate of five percent. In 2008, the rate for taxpayers in the 10- and 15-percent tax brackets fell to zero. As originally enacted, these tax rate cuts were temporary and were scheduled to expire at the end of 2008. However, Congress extended the cuts for two more years through December 31, 2010
How do income tax losses affect your tax return?
Gains and losses from the sale or exchange of capital assets receive separate treatment from "ordinary" gains and losses. Capital gains are taxed before income, at a significantly lower rate than ordinary gains.
What is the tax rate for long term capital gain in 2011?
The basic rate for capital gains taxes seems to be 15%. From their, depending what you are doing the rate can go up. For most people though the rate is 15% ttp://www.farmcpatoday.com/2011/02/08/capital-gains-tax-rates-for-2011/
How much is the US capital gains tax?
Capital gain taxes are based in large part on your ordinary tax rate.... * Ordinary tax rate 10%, long term capital gains tax 0%, short term capital gains tax 10% * Ordinary tax rate 15%, long term capital gains tax 0%, short term capital gains tax 15% * Ordinary tax rate 25%, long term capital gains tax 15%, short term capital gains tax 25% * Ordinary tax rate 28%, long term capital gains tax 15%, short term capital gains tax 28% * Ordinary tax rate 33%, long term capital gains tax 15%, short term capital gains tax 33% * Ordinary tax rate 35%, long term capital gains tax 15%, short term capital gains tax 35%
What is the Georgia state capital gains tax rate?
A capital gains tax is a federal tax that is paid by both corporations and individuals on the net total of their capital gains for the year. In the state of Georgia that rate is 6.0 percent.
What is the capital gains tax rate in Ireland?
25%.
What is the California Capital Gains Rate?
California capital gains tax is not different from tax on other forms of income. The rate for income above approximately $48,000 is 9.3%
Cash dividends do you pay capital gains tax?
No. You pay tax on dividends, which is NOT always the same as capital gains tax rate. Cuurently it is pretty much the same. althoug only a few years back it was the same as ordinary income.
How much is the capital gains tax in Ohio?
A capital gains tax is applied to the sale of financial assets. The capital gains tax in Ohio is 15 percent.
A shareholder is liable for the tax on their shares of the corporation's income Is this income subject to self employment tax?
No. And it is ONLY subject to capital gains tax...a much lower rate...as it is investment income.
What is the dividend tax rate?
The federal tax rate for what are known as "qualifying dividends" is the same as the long term capital gains tax rate. The rate for all other dividends is the same as the ordinary income rate. Mutual funds sometimes issue a dividend known as a "capital gains dividend" or a "capital gains distribution." This is a capital gain passed through from the fund and is treated as a long term capital gain to the shareholder.
How much money do you need to make in order for the capital gains tax to apply?
The tax rate for the capital gains tax will wholly depend on the person's assets and the type of investment. It can be wise to invest even if you are still making money, but your best bet would be to talk to a finacial advisor about your options.
Do people have to pay income tax on realized investments after they pay capital gains tax?
No. You will not pay income tax in addition to capital gains tax if I understand you correctly. However, capital gains tax for an individual is reported and paid on your 1040 income tax return. The only difference is that the rate for capital gains taxes is lower than the regular income tax levels.
What is the Wisconsin capital gains tax rate for 2007?
Apparently (and surprisingly) the top Capital Gains Tax in Wisconsin (as of 2007/2008) is... 2.7% (as opposed to the top Income Tax rate which is 6.7%).cfhttp://sbecouncil.blogspot.com/2008/01/wisconsin-and-capital-gains-taxes.htmlNot certain whether this is an across-the board rate, or (if this is the "top" rate) it is lower for lesser capital gains, nor what the table is; but this is enough to go on for calculation/guesstimation & pre-planning work.
What is the capitol gains tax rate for a company?
Business property that is held for one year or less is considered to be held on a short-term basis. If you sell, scrap, retire, or otherwise dispose of a short-term capital asset, any related gains will be taxed at your ordinary income tax rate. However, if the property was held for more than one year, gains on it will generally be treated as long-term capital gains. While property used in a trade or business is technically not a "capital asset," in the IRS's view, the tax laws do apply the more favorable capital gains tax rates to this property. In 2003, Congress lowered the maximum dividend and capital gains tax rates for most (but not all) dividends and capital gains from 20 to 15 percent for qualifying taxpayers. Taxpayers in the 10- and 15-percent tax brackets are eligible for an even lower rate of five percent. In 2008, the rate for taxpayers in the 10- and 15-percent tax brackets fell to zero. As originally enacted, these tax rate cuts were temporary and were scheduled to expire at the end of 2008. However, Congress extended the cuts for two more years through December 31, 2010
