Corporate Tax Folly. . .
2008-06-05 18:25:00 So the candidate of CHANGE, OBAMA, keeps telling us just how unfair the tax code is because the rich aren't paying enough and corporations aren't paying enough. Even the slightly left of lunatic NY Times understands that raising the corporate tax hurts real people. . not fat cats. The ultimate payers of the corporate tax are those individuals who have some stake in the company on which the tax... Click the Headline Link to Visit Copious Dissent and Read the Full Story.
Capital Gains Tax exemption till 2010
2008-06-04 00:22:00 Suttabhai will be back to blogging full time from Monday 9th June. While May 2008 has proved to be the most disastrous month for the KSE-100 index in recent times, with the market getting gang-banged from 15,122 to 12,130, the news that CGT has been deferred for 2 years along with no change in CVT should ...
Exciting New Concept in Capital Gains Tax Planning
2008-05-15 03:51:00 I'm very excited about a project I have been working on for quite a while that is coming to fruition. I hope to have it available by the beginning of June.It is a twist on the Charitable Installment Bargain Sale and I hope having this option will be appealing to a lot of people who want to make the world a better place for a deserving group of people.I've been listening to clients over the last year and one half tell me what they liked and didn't like about the current foundation offering this product.The three most common hesitations were dealing with a new and untested foundation, not being able to choose to send a part of the donation to their favorite charity, and wondering if the large tax deduction would hold up under IRS scrutiny.Well, the new program I am helping to launch addresses all of those concerns and will help a cause almost every American will want to contribute to if it fits their overall objectives in selling their asset.I know this is a tease, but I am very pr...
Capital Gains Tax Changes Posted By : Nick Braun
2008-05-13 16:10:00 Our new Darling Chancellors first Pre-Budget Report, delivered on 9th October 2007, caused quite a stir in the UK property taxation world. Are you looking for some inside information on income tax refund? Here’s up-to-date information on Taxes and personal finance and also on Taxes.
Neal Boortz on the Capital Gains Tax
2008-05-11 01:28:00 Neal Boortz explains the Capital Gains Tax. Maybe Obama should listen. Click the Headline Link to Visit Copious Dissent and Read the Full Story.
Why Canada Needs Capital Gains Tax Deferrals on Real Estate
2008-05-06 15:21:00 Canadians are increasingly migrating to regions where new jobs are plentiful, and they must be able to move their assets with them. Households can move their furniture and their stocks and bonds, but not their real estate investments, without substantial tax consequences. Reinvestment in real property should be facilitated so that investors can reposition existing ...
Barack Obama on Taxes
2008-04-18 07:01:00 Learn how Barack Obama is going to destroy the economy with the most atrocious tax plan since Jimmy Carter. He has no idea what he is doing. Click the Headline Link to Visit Copious Dissent and Read the Full Story.
Bush's Unnoticed Revolution . . .
2008-04-15 16:30:00 In his 2004 reelection campaign the president talked much about creating an ownership society. After his plan to overhaul social security failed it seemed as though Bush's plans would be for naught. The construction of Bush's ownership society is already underway however and should serve as a surprise to Democrats who wanted to stop it. Democrats keep telling us that Bush's Capital Gains taxes... Click the Headline Link to Visit Copious Dissent and Read the Full Story.
Capital gains tax legislation changes see rise in land for sale
2008-04-04 09:00:00 The amount of land sold so far this year has increased sharply, as farmers rushed to beat changes to capital gains tax legislation.
By: FWi - All News
Rush of land sales to beat capital gains tax deadline
2008-04-02 18:00:00 The amount of land sold so far this year has increased sharply as farmers rushed to beat changes to capital gains tax legislation.
By: FWi - All News
Capital Gains Tax (CGT)
2008-03-27 20:11:00 The Chancellor has confirmed that there will be an 18% flat rate of CGT applying to amounts over the annual exempt amount (£9,600 for 2008/09) on disposals after 6 April 2008. The annual exempt amount for trustees will be £4,800 in 2008/09.
Hillary Clinton Sides with Socialism over Chelsea
2008-02-21 00:43:00 Hillary Clinton just came out recently claiming that wealthy investment bankers and hedge fund managers on Wall Street aren't doing real ?work.? She blasted those greedy hedge fund professionals for making too much money as well. The only problem is that her daughter works for a hedge fund. Yes, Chelsea Clinton works for Avenue Capital Group, a New York based Hedge Fund Company. Apparently,... Click the Headline Link to Visit Copious Dissent and Read the Full Story.
Land auctions increase as farmers try to beat capital gains tax deadline
2008-02-20 11:00:00 Auctioneers are set for a busy few weeks as farmers rush to beat the 5 April capital gains tax deadline.
By: FWi - All News
Capital Gains Tax Laws Explained
2008-02-15 07:22:00 Would you like to know what is considered capital gains by the IRS? Would you like to know how much it might cost you?Capital gains is what the IRS says is your profit when you sell something that is defined as a capital asset. Real estate, mutual fund shares, stocks, and bonds are all considered capital assets. If you inherited a home or real estate you might be subject to the capital gains
> CBDT wants capital gains tax for all FIIs
2008-02-13 19:40:00 The Central Board of Direct Taxes (CBDT) has proposed several measures that are expected to have far-reaching implications for the capital market. In its pre-Budget proposals to the finance ministry, CBDT has sought an amendment to Section 115 AD of the Income Tax Act so that all foreign institutional investors (FIIs) ...
Be prepared for capital gains tax change
2008-02-13 16:26:00 Landowners have just a few months to prepare for the Chancellor's "streamlining" of capital gains tax legislation. Be prepared with our detailed guide
By: FWi - All News
Not all CPAs and Attorneys Are Knowledgeable on Capital Gains Tax Issues
2008-02-06 06:19:00 A good CPA is worth their weight in gold. A cracker jack attorney can save your bacon when it comes to upholding your legal rights and due justice. What happens when you ask them for assistance with something like your capital gains tax problem when you're ready to sell your highly appreciated asset?Chances are, you may get incorrect or incomplete advice which may result in the unnecessary loss
Chancellor Alistair Darling tries to soften blow of capital gains tax refor
2008-01-25 12:00:00 Chancellor Alistair Darling confirmed yesterday he still plans to scrap valuable tax reliefs on business assets like farmland, and introduce a new flat rate of capital gains tax.
By: FWi - All News
Exiting a Down-turning Real Estate Market, Deferring the Tax or Leaving a L
2007-12-14 02:37:00 Here we go again. What goes up, must come down. The roller coaster ride is not over. With the downward turning real estate market ahead of us, the million dollar question is how do I sell my property with falling real estate values? Falling from what? Are we talking about falling from a reasonable return on your real estate ...
Exiting a Down-turning Real Estate Market, Deferring the Tax or Leaving a L
2007-12-14 02:37:00 Here we go again. What goes up, must come down. The roller coaster ride is not over. With the downward turning real estate market ahead of us, the million dollar question is how do I sell my property with falling real estate values? Falling from what? Are we talking about falling from a reasonable return on your real estate ...
Capital gains tax on securities draws fire
2007-11-22 12:15:00 The National Assembly on Tuesday approved the Law on Personal Income Tax, which will tax capital gains on securities trading at 20%; a compromise on the 25-per-cent rate originally included in the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Business Sellers - Beware of Potential Changes in the Capital Gains Tax Pos
2007-11-21 03:36:00 If You are a business owner thinking of selling in the next few years, pay particular attention to the talk on capital hill about where they plan on getting the $800 Billion that will be lost by the repeal of the Alternative Minimum Tax. I think it will come right out of your pocket. Are you looking for some inside information on income tax refund? Here’s up-to-date information on Taxes and personal finance and also on Taxes.
Farm owners ignore capital gains tax changes at their peril
2007-11-20 18:10:00 All farmers, even those not planning to sell their farms, must consider the implications of the government's proposed changes to capital gains tax rules,...
By: FWi - All News
Business Sellers - Beware of Potential Changes in the Capital Gains Tax
2007-11-20 00:00:00 Thinking of selling your business? If you have planned it correctly, most of your transaction proceeds should be long term capital gains. Given the current political climate and the upcoming change in the White House, capital gains taxes will come under attack. If you are a business owner and are thinking of selling your business ...
Moveon.org Misinforms Their Base Again: Distorts the Capital Gains Tax
2007-11-09 20:47:00 I received another Moveon.org email this week. As usual, the email contained lies, damned lies, and no statistics to back up its assertions. It focused on the Alternative Minimum Tax and the Capital Gains Tax. Because the Alternative Minimum Tax, a tax created by liberal Democrats, is now harming the middleclass, the Democrats want to repeal it. Go figure! But, of course the Democrats cannot... Click the Headline Link to Visit Copious Dissent and Read the Full Story.
Andorra Tax Haven Introduces Capital Gains Tax Posted By : Roger Munns
2007-10-29 19:22:00 In a surprise move, European tax haven Andorra has introduced Capital Gains Tax. An Andorra travel guide suggests that the move will hardly affect new residents, and that Andorra remains the best value for money tax haven in Europe both for property and residency. Are you looking for some inside information on income tax refund? Here’s up-to-date information on Taxes and personal finance and also on Taxes.
Federal Capital Gains Tax Rate Update - Raising the rate?
2007-10-22 22:52:00 To most people in the financial and tax worlds the impending federal capital gains tax rate hike in 2011 is no new news. This has been scheduled since the 2003 capital gains tax rate changes and should really be no surprise to most people. However, with this federal capital gains tax rate increase (set to increase to ...
Capital Gains Tax Rates - State by State
2007-10-18 14:35:00 One of the “unknowns” in the real estate investing world is the topic of caital gains… in particular… the capital gains tax rates that you and are are subject to. Truthfully… I’m not sure why I didn’t write a post about this earlier… afterall, I come from the world of tax planning and am the VP ...
Capital Gains Tax changes - good for property investors, bad for business o
2007-10-17 22:44:00 Well, the dust has (almost) settled, and it’s time for a quick review of what Chancellor Darling’s pre-budget report actually means for us. I should stress at the outset that if you hold business or property assets, and are thinking about selling them, then you should go out and get professional advice from a tax advisor ...
Capital Gains Tax Exemption
2007-10-15 19:55:00 If you are thinking about selling your house but are concerned about the capital gains tax you may have to pay on profit made from sale then there is some good news for you. You might not have to pay any tax on the profit made if certain conditions are fulfilled. In the following sections we ...
By: Finance News Pro
Pre-budget report: Chancellor's raid on capital gains tax
2007-10-09 19:41:00 Business asset taper relief scrapped and inheritance tax threshold doubled in Darling's first pre-budget report.
By: FWi - All News
2007/08 Australian Tax Brackets and Capital Gains Tax
2007-10-07 16:16:00 The 2007/8 Australian tax brackets are as follows: The tax brackets do not include the 1.5% Medicare tax levyEven though taxes have dropped in Australia, they are still relatively high from a worldwide basis. Therefore when investing it is particularly important to consider tax factors. The main one you will be impacted from while investing is Capital Gains Tax.Capital gains tax (CGT) is the tax you pay on any capital gain you make and include on your annual income tax return. There is no separate tax on capital gains, it is merely a component of your income tax. You are taxed on your net capital gain at your marginal tax rate (per the table above). The only caveat is that if you hold an investment for than 1 year, you only pay CGT on 50% of the gains.Your net capital gain is = your total capital gains for the year MINUS your total capital losses (including any net capital losses from previous years)I will discuss some CGT minimization strategies in the next few weeks -For more deta...
2007/08 Australian Tax Brackets and Capital Gains Tax
2007-10-07 16:16:00 The 2007/8 Australian tax brackets are as follows: The tax brackets do not include the 1.5% Medicare tax levyEven though taxes have dropped in Australia, they are still relatively high from a worldwide basis. Therefore when investing it is particularly important to consider tax factors. The main one you will be impacted from while investing is Capital Gains Tax.Capital gains tax (CGT) is the tax you pay on any capital gain you make and include on your annual income tax return. There is no separate tax on capital gains, it is merely a component of your income tax. You are taxed on your net capital gain at your marginal tax rate (per the table above). The only caveat is that if you hold an investment for than 1 year, you only pay CGT on 50% of the gains.Your net capital gain is = your total capital gains for the year MINUS your total capital losses (including any net capital losses from previous years)I will discuss some CGT minimization strategies in the next few weeks -For more deta...
Federal Capital Gains Tax Rates - Current to 2007
2007-08-13 22:15:00 Many people are very surprised to find out that the 15% Federal capital gains tax rate does NOT apply for all transactions. Yes, there is a 15% Federal capital gains tax rate; however, it does NOT apply for every one. To help you see the various Federal capital gains tax rates we’ve put together a quick table ...
The Basics: How to calculate capital gains tax
2007-08-13 20:12:00 Some of our articles will focus on more in-depth and advanced topics, while others will simply get the basics out of the way. One of the basics that all professional advisors and sellers should know how to do is calculate the capital gains and the capital gains tax that is due when selling a highly appreciated ...
Capital Gains Tax reality, Personal VS. Corporation, can you afford not to
2007-08-10 23:50:00 HERE IS A LOOK AT THE TAXES YOU WOULD BE OBLIGED TO PAY IF YOU WERE SELLING PROPERTY IN YOUR PERSONAL NAMEBy selling real estate titled in your name or the name of a ?pass-through? entity (LLC or ?S?-Corp) you could pay as much as 60% of the income you receive from the sale in taxes. Those taxes include but are not limited to capital gains taxes, self-employment taxes, Alternative Minimum Tax as well as state and federal income taxes. Adding insult to injury, when you sell real estate titled in your own name or the name of a ?pass-through? entity, many of your ?real estate business expenses? will not be deductible when you file your 1040 tax return.INCOME TAXES REPORTED ON YOUR 1040 TAX FORMThe tax effect of selling property as an individual or the name of a ?pass-through? entity is that profits made from the sale of real estate are added to the income you report on your 1040 tax return. On the other hand, any losses from the operation of the property are deducted from your 1040 ...
Capital Gains Tax Cuts For Middle Income Investors
2007-07-30 15:54:00 Imagine selling a $20,000 investment, purchased five years earlier for only $10,000, and paying no capital gains tax at all. This dream will become reality for middle-income investors beginning in 2008 and will last for three years when a seldom-discussed provision of the recent tax cuts takes effect, providing middle-income investors with a can’t-miss tax-planning opportunity. Under ...
No Capital Gains Tax in 2008?
2007-07-05 20:43:00 If only that were true... It is true that the capital gains tax rate for low income tax brackets (10% and 15%) in 2008 goes to 0%.But, before you run out and plan to sell your rental with a 300K gain, be sure you understand that most of that gain will not be taxed at 0%. Bummer, I know...We don't know what the qualifying incomes are for 2008, but for 2007 they are up to $31,850.00 for individuals and $63,700.00 for married couples filing jointly.So, if the levels didn't change for 2008 (they usually go up slightly each year) and you are married making 50K/yr as a couple, only the first $13,700.00 of capital gain is taxed at 0%. The remainder is taxed at 15%. So, in the above example, $286,300.00 is taxed at the 15% maximum long term rate.Don't forget to add your state and/or city taxes into the equation as well. This can easily add another 5-9.5% depending on your state of residence and state of property sale.And, don't forget the recaptured depreciation tax This doesn't get t...
Saving capital gains tax is as easy as?
2007-06-14 20:13:00 I know… I know… It’s been a few weeks since the last time I updated the blog, but it’s been for good reason. NO, I’m not stopping the blog or throwing it by the wayside… I’m just getting some big projects I have been working on out of the way before I begin posting daily ...
Deferred Capital Gains Tax Is The Best Debt In The World
2007-06-06 18:44:00 There’s absolutely nothing that tastes better than a deferred capital gains tax. Many investors consider investment loans as good debts because the interests are tax-deductible, but the deferred capital gains tax is even sweeter. Never mind tax-deductibility; it is interest-free! If you double your $10,000 investment to $20,000, you owe Canada $2,000 ...
By: Financial Jungle
Andorra Tax Haven Introduces Capital Gains Tax Posted By : Roger Munns
2007-06-02 05:05:00 In a surprise move, European tax haven Andorra has introduced Capital Gains Tax. An Andorra travel guide suggests that the move will hardly affect new residents, and that Andorra remains the best value for money tax haven in Europe both for property and residency. Credit scores hold a lot of importance today. Your credit score will affect you in many ways other than securing a loan. To improve your credit score first you must understand how credit scores work. Read more about Credit and Personal Finance.
Restructure your business to get new capital gains tax concessions
2007-04-18 13:14:00 Capital gains tax has an enormous impact on the business and tax structuring of small businesses. Thus it is essential to maintain a close watch over changes to capital gains tax law. A few changes will come into force from 1 July 2007, noteworthy is the increase in the net asset value test from A$5 million to A$6 million. Some of the changes already effective from 1 July 2006 are discussed in this article. (The Government's press release on recent capital gains tax changes is here (http://images.google.com.au/im-gres?imgurl=http://treasurer.go-v.au/pcd/_template/images/heade-r_gfx.jpg imgrefurl=http://treasurer.gov.-au/pcd/content/pressreleases/20-07/029.asp h=101 w=177 sz=6 hl=en start=13 tbnid=yvxx9LUA6YrkgM: tbnh=58 tbnw=101 prev=/images%3Fq%3Dcgt%2Bconces-sions%26gbv%3D2%26svnum%3D10%26-hl%3Den%26sa%3DG).)
Malaysia to scrap capital gains tax
2007-03-27 00:00:00 Malaysia will scrap capital gains tax on property deals from April 1st, according to the country's prime minister.Abdullah Ahmad Badawi said the move would "inject more excitement and dynamism in both the property and financial sectors"....
Capital gains tax calculator
2007-02-18 14:15:01 I just wanted to let you know that we just put up a capital gains tax calculator on our website. You can find the capital gains tax calculator at: http://www.structuredsalespro.c-om/capital-gains-tax-calculator-.html Go check it out and tell us how you like it. We’ve had several visitors ask us about calculating capital gains so we decided to put up an easy to use calculator. On another note… there have been a lot of people asking how to calculate the return on a Structured Sale (Ensured Installment Sale). It is extremely simple to do; however, it is unique to each situation. Later this week I’ll show you examples of returns that can be expected and how it is calculated. If you have a specific situation that you would like for us to analyze, please give me a call at 1-800-666-5584.
The Democrats and Capital Gains Tax
2007-02-01 14:06:01 One concern I have been hearing lately is about how the Democrats will hike the capital gains tax the first chance they get. Everyone knows that the nations defecit is growing and the current administration has rolled back taxes (including capital gains) in hopes of spurring growth in the economy. Well, I can’t say if this strategy has worked or not, but there are some relative certainties with the future of the capital gains tax. I found a good article at CNNMoney.com that gives a bit of insight to what may happen in the next 3-5 years concerning the capital gains tax. Bush signed off on the capital gains tax cut some years back and the cut isn’t set to expire until the end of 2010. There have been several attempts to raise the capital gains tax in recent years but the Bush administration has made it known that any attempt to do so will be vetoed so fast your head will spin. To throw a cog in the wheel, with the Democratic takeover of the house and congress it look...
10,405 - Capital Gains Tax exemption till July 2008 boosts the market
2007-01-23 23:20:04 As expected,after hearing the news last night re: the exemption of capital gains tax to be deferred till July 2008, the Karachi Stock market opened with a full erection this morning. This is the best news this market has received in some time and there is talk of lowering the CVT by half. While there were many gains across the board , only NBP, OGDC, MCB and Askari Bank really went up. OGDC finally moved after being stagnant for nearly a month and the KSE-100 index has finally closed above its 30 DMA after nearly 3 weeks. The market should test 10,500 soon. News : The government will hold a public offering for Oil and Gas Development Co Ltd (OGDCL), the country’s largest listed firm, at a price of 110 rupees per share this week, the government said on Tuesday.Up to 21.505 million shares will be offered in lots of 500 in what would be the second public offering for the state-run company, the Privatisation Commission said in a statement."The subscription for the reta...
Capital Gains Tax Exemption extended for another year
2007-01-23 23:20:04 News has just come in that the Prime Minister has extended the capital gains tax exemption for the Karachi Stock market for another year until July 2008. It was meant to be implemented this July after the budget this year. It should give this weary market a welcome boost, removing one of the 2 expected hurdles for 2007 (the other being uncertainity at election time at the end of the year).
The Best News to Date for Capital Gains Tax Savings!
2006-12-02 15:27:08 This is so awesome!You may have heard the saying "when one door closes another one opens". I believe this has truly been the case regarding recent developments in the capital gains tax savings arena.Initially, when the Private Annuity Trust was discontinued by theIRS I hoped they would come to their senses and bring it backshortly.Now, with the option that has just become available as I writethis, even if they brought it back tomorrow, I don't think it evencompares in benefits.If you could sell your asset, get an immediate charitablededuction, have a decent portion of your capital gains taxobligation forgiven forever, possibly have your closing costs paidfor, receive a guaranteed series of payments with principle andinterest over a number of chosen years, have the asset removed fromyour estate and the remainder still pass to your heirs on death,and your favorite charity receive money to boot- would that appealto you?If not, quit reading now and pay your taxes. It's that simple.Com...
An Unexpected Surprise and Potential Capital Gains Tax Night
2006-12-02 15:27:08 You might think of bonds as a pretty safe long term investment. If you're not familiar with the different type of bonds out there, you may think of ordinary government saving bonds or Treasury bonds.I spoke to a gentleman this week who had exchanged a real property for a type of tax free industrial bond several years ago. It was done as a structured sale with a non-profit organization, and the return rate was actually very good and supposed to last for 13 years. He was paying a bit of principle back each year, but most of his income was from the bonds and non-taxable.Then came the nasty surprise. After only a few years, the bonds were being "called" by the non-profit organization. They had gotten a new bond issue for more than 3% less interest, and it was in the original agreement that they could replace or pay out at a date sooner than the original bond termination date.Well, now this gentleman was no longer in such a great position. If he sold outright, he would pay 30.5% in taxe...
Capital Gains Tax Strategies Require Action
2006-12-02 15:27:08 I spoke to a couple of people this past week that wish not to pay their capital gains tax, but they don't want to put any effort into the strategy on their end.For example, a woman in her 70's is selling investment property. It is in escrow. She doesn't want to own another investment property but also doesn't want to consider doing a 1031 TIC exchange, a Private Annuity Trust or a Charitable Remainder Trust. The reason being she's just tired of the whole thing and doesn't want to do anything she hasn't heard of before.Ok, that's great, but if she'd heard of any of these things and was familiar with them, she probably would already have put one of those strategies in place.I wish I had a magic pill that would allow you to save all of your capital gains tax without any effort on your part. If your mind is closed to learning new concepts, I guess paying your taxes is the best option for you.This particular lady will owe 100K if she just sells. She is retired and will never be ... |
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