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Pasig, officially the City of Pasig (Filipino: Lungsod ng Pasig), is a highly urbanized city in the National Capital Region of the Philippines. According to the 2020 census, it has a population of 803,159 people. [3] It is located along the eastern border of Metro Manila with Rizal province, the city shares its name with the Pasig River.
Furniture Capital of the Philippines The city is known for its furniture shows and furniture manufacturing industry. [55] Manila: n/a: Metro Manila: Pearl of the Orient See also: Nicknames of Manila: Marawi: Lanao del Sur: Bangsamoro: Islamic City Due to its Muslim-majority population and historic roots with Islam.
Taguig (Tagalog: ⓘ), officially the City of Taguig (Filipino: Lungsod ng Taguig), is the fifth-most populous city in the Philippines situated in eastern shores of Metro Manila, the national capital region. It is a center for culture, finance, technology, entertainment and media, academics, and the arts and fashion.
Capital Gains Are Taxed on a Stepped-Up Basis When you inherit property, whether real estate, securities or almost anything else, the IRS applies what is known as a stepped-up basis to that asset.
As an example, if you purchased a vintage dining set in 2010 for $500 and sold it in 2024 for $2,500, you have a capital gain of $2,000. If you and your spouse file together and earned a total of ...
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In addition, each city is classified into six income brackets according to income in a four-year period. For instance, 1st class cities have an income of ₱ 400 million or more, while 6th class cities earn less than ₱ 80 million in a four-year period.
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 ...