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"Additionally, you may face state and local taxes, which could bring your total tax rate to as high as 54% — 37.6% in federal income tax, plus 3.8% in net investment income tax, plus 12.3% in ...
The long-term capital gains tax rate for most assets, such as stocks or bonds, is 0%, 15% or 20%, depending on your income level and filing status. However, coins are considered collectibles ...
The lower rate on long-term capital gains, compared to the rate on ordinary income, is regarded by the political left, such as Sen. Bernie Sanders, as a "tax break" that excuses investors from paying their "fair share", [19] [25] or a "tax expenditure" that government could elect to stop spending. [26]
This will be raised to a threshold of 30.000 euros in 2018, together with other changes so that people with less wealth, pay lower taxes. [56] In general an individual will not have to pay tax on capital gains. So if the main residence is sold or shares are sold the profit is not taxable.
The popular SPDR Gold , iShares Gold , and iShares Silver all get treated the same as gold and silver bullion itself, and you'll owe the higher rate on gains. A few solutions
In most countries capital gains tax applies when precious metals are sold at a profit. Some countries also apply value added tax to precious metals. In the European Union, the trading of recognized gold coins and bullion products is VAT exempt, but no such allowance is given to silver. Elsewhere in Europe though, Norway has exempted both gold ...
If the investor invests the proceeds from the $250,000 sale into another property or properties (without touching the proceeds and using a Qualified Intermediary), then he would not have to pay any taxes on the gain at that time. An owner of a detached house on 3 acres (12,000 m 2) is transferred by his employer to another state. Rather than ...
Massachusetts approved a 4% tax on those earning more than $1 million in 2022, which generated $1.8 billion in the first three quarters of this fiscal year and helps pay for every public school ...