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Is the high-income taxpayers receive the most benefit from treatment for capital gains?
Probably not...the benfits from paying tax are the services and programs the government provides. The number of high income taxpayers is small compared to the others, and they most certainly don't use the government services any more, and probably less, than the others. Approx. 3% of the people pay 95% of the taxes...and 45% pay nothing at all...and a very high percentage of those that don't pay actually get money back in the form of credits and such. Lots of great statistics at an unbiased sit: www.taxfoundation.org
What else can I help you with?
If an individual has a capital loss in 2008 can he carry it back to a 2005 capital gain tax paid?
No. But you can use $3000 of the capital loss to offset current year ordinary income and then carry the rest forward. Be sure to fill out the capital loss carryover worksheet in the Schedule D instructions before you enter a carryover from the previous year. The carryover rules are some of the most confusing for taxpayers and taxpayers cheat themselves out of a lot of carryover. Don't assume you know the right amount to carry over. Use the worksheet.
What is the treatment in the accounts for drawings?
reduce the capital in business
What is the nys capital gains tax 2010?
In 2010, New York State did not have a separate capital gains tax; instead, capital gains were taxed as regular income. This meant that capital gains were subject to the state's income tax rates, which ranged from 4% to 8.82% at that time, depending on the taxpayer's income level. Additionally, taxpayers had to pay federal capital gains taxes, which varied based on the duration of asset holdings. Overall, capital gains in New York were treated similar to other forms of income for tax purposes.
Do you get capt gains treatment on sale of goodwill?
If the sales price of my business includes goodwill, is that portion subject to capital gains treatment or is the goodwill considered to be ordinary income?
How does IRS determine Capital gains when you don't have original cost basis?
When the original cost basis of an asset is not available, the IRS allows taxpayers to determine capital gains using alternative methods. One common approach is to use the fair market value (FMV) of the asset on the date it was acquired, which can often be supported by appraisals or market data. Additionally, if the asset was inherited, the basis may be stepped up to its FMV at the time of the previous owner's death. Taxpayers may also consider using the "substituted basis" method if they have records of similar transactions.
Why should people used their tax money for capital punishment?
The citizens of the individual states vote for or against capital punishment. Death penalty or life without parole, both are payed for by taxpayers.
How does marginal revenue and marginal utility relate to capital?
Marginal revenue/margina utility return from capital represents the benefit of capital. When determining the optimal amount of capital, we must take into account the point when marginal benefit = marginal cost. This optimises profit/utility.
What is a benefit of increasing human capital?
to ameleorate standard of living
What is the treatment in the accounts for drawings?
reduce the capital in business
If an individual has a capital loss in 2008 can he carry it back to a 2005 capital gain tax paid?
No. But you can use $3000 of the capital loss to offset current year ordinary income and then carry the rest forward. Be sure to fill out the capital loss carryover worksheet in the Schedule D instructions before you enter a carryover from the previous year. The carryover rules are some of the most confusing for taxpayers and taxpayers cheat themselves out of a lot of carryover. Don't assume you know the right amount to carry over. Use the worksheet.
What is one benefit of kazakhstans new capital?
Space, possibility to expand.
What is a benefit of using both physical capital and human capital?
Physical capital is the things that you process and are important building tools. It takes human capital to put them together and make them work.
Is there a universal optimal capital structure that would benefit all firms?
best universal capital structure for all companies?
Are capital gains given favorable tax treatment?
Long term capital gains are taxed at a federal rate of 0% or 15% which is considerably less than the rates on ordinary income. State income tax treatment of capital gains varies by state.
Is landscaping considered a capital improvement by the IRS?
Yes, landscaping can be considered a capital improvement by the IRS if it adds value to a property and has a lasting benefit.
What is capital resource?
something that an individual benefit from it , example coco, coconut etc
What is one who commits money or capital in hopes of receiving a future financial benefit?
investor
