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What is capital gain tax and what does it mean to the lower to middle class?
Wiki User
∙ 15y ago
The capital gains tax is a tax on any profits that a person has made on the sale of an asset they own. For example, if you own stock in a corporation or you have bought a mutual fund and that stock or fund appreciates, it is known as a capital gain. When you sell that asset, it is taxed by the government.
What this means for the lower and middle classes, is that if you are saving for retirement (which you most likely are), then any extra money you have made in the Stock Market or other markets, the government is going to be taking a piece of it when you eventually make the sale.
Wiki User
∙ 15y ago
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Can you offset Capital Gain Dividend with capital loss?
A capital gain and a dividend are two different things completely. You can offset a Capital Gain with Capital Losses, but you cannot offset dividends with capital losses. They are different items and are reported on different forms.
Can i offset Capital Gain Dividend with capital loss?
If you are talking about a Long Term Capital Gain dividend from a mutual fund, the answer is yes.
Can you use capital loss to offset dividend income?
ANSWER No capital loss can only be used to reduce any capital gain, and even in then there are rules. You can not use capital gain to offset against ordinary income. NB: Personal use capital loss can not be offset against any capital gain, losses on collectibles can only be offset against other collectibles capital gain and all "other" capital loss e.g. dividends, shares, real estate can be offset against "other" capital gain.
What do you mean by capital gain?
In UK tax law a capital gain is when you sell shares, land, property etc, at a higher amount for which you acquired it. Capital Gains Tax is charged at different (generally lower) rates than Income Tax and is subject to generous allowances, so unless you regularly sell property etc you are unlikely to have to pay CGT but you still have to declare capital gains, even if there is no liability calulated.
What are dividends in tax refund?
Most dividends are taxable income, just follow the info on the 1099 that comes with them. (Most of them are taxed undert the lower capital gain rate).
Who pays capital gain tax in the United States?
Capital gains are taken from the productivity wherever the payer works, and they receive no benefit from them. As well, in short you may say anyone who is at at least middle class. Capital gains are generally taxed at a preferential rate in comparison to ordinary income 26 U.S.C.
What is the population of Gain Capital?
Gain Capital's population is 380.
When was Gain Capital created?
Gain Capital was created in 1999.
How did the new middle class gain power?
they gained the power through organise or build the national assembley.
How long do you need to hold a stock to minimize gains taxes?
One year makes any gain from the sale a long term capital gain which is at a lower tax rate than a short term gain.
How did urban political machine gain power and how did immigrants middle class reformers and political bosses view them?
knk
How did urban political machines gain power and how did immigrants middle-class reformers and political bosses view them?
knk
Can you offset Capital Gain Dividend with capital loss?
A capital gain and a dividend are two different things completely. You can offset a Capital Gain with Capital Losses, but you cannot offset dividends with capital losses. They are different items and are reported on different forms.
How did urban pollitical machines gain power and how did immigrants middle-class reformers and political bosses view them?
corruption or graft
Long term capital gain-one year?
If you hold the asset for MORE than one year before you dispose of it, and you have a gain on the sale your capital gain would be a LONG TERM CAPITAL GAIN (LTCG)
Can i offset Capital Gain Dividend with capital loss?
If you are talking about a Long Term Capital Gain dividend from a mutual fund, the answer is yes.
Why did the lower class start the French Revolution?
There were large numbers of them, they required a voice in government, and they were going to gain that voice with force of arms.
