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The following outline is provided as an overview of and topical guide to the U.S. state of Hawaii: Hawaii is the newest state among the 50 states of the United States of America. It is also the southernmost state, the only tropical state, and the only state that was previously an independent monarchy.
The Hawaii State Capitol is the official statehouse or capitol building of the U.S. state of Hawaii. From its chambers, the executive and legislative branches perform the duties involved in governing the state.
Honolulu (/ ˌ h ɒ n ə ˈ l uː l uː / ⓘ HON-ə-LOO-loo; [8] Hawaiian:) is the capital and most populous city of the U.S. state of Hawaii, located in the Pacific Ocean.It is the county seat of the consolidated City and County of Honolulu, situated along the southeast coast of the island of Oʻahu, [a] and is the westernmost and southernmost major U.S. city. Honolulu is Hawaii's main ...
As an example, if you purchased a vintage dining set in 2010 for $500 and sold it in 2020 for $2,500, you have a capital gain of $2,000. If you bought that same table in 2020 and sold it the same ...
The Territory of Hawaii or Hawaii Territory [1] [2] [3] (Hawaiian: Panalāʻau o Hawaiʻi) was an organized incorporated territory of the United States that existed from April 30, 1900, [4] until August 21, 1959, when most of its territory, excluding Palmyra Island, was admitted to the United States as the 50th US state, the State of Hawaii.
The capital gains tax applies to this net capital gains figure. Also, if you have a year with a net loss on asset sales, the rules allow a deduction of the loss from your taxable income of up to ...
Capital gains taxes can greatly affect your bottom line. Fortunately, there are ways to reduce them on your home sale, or avoid them altogether. It depends on the property type and your filing status.
Beginning in 1942, taxpayers could exclude 50% of capital gains on assets held at least six months or elect a 25% alternative tax rate if their ordinary tax rate exceeded 50%. [11] From 1954 to 1967, the maximum capital gains tax rate was 25%. [12] Capital gains tax rates were significantly increased in the 1969 and 1976 Tax Reform Acts. [11]