Capital Gains Tax

• Capital gains tax

• The Capital Gains Tax (Cgt) Changes.

Individuals, trustees and personal representatives Overview In summary the following CGT rate changes have been enacted: there is a special 10% ...

• Mondaq Business Briefing
• Nbr. 2010, January 2010

• Capital Gains Tax Far Too High

Warren Buffett was wrong to suggest that capital gains taxes are too low ("Calling Buffett's bluff," Comment & Analysis, Monday). They are actually much too high, since they force people to pay taxes when they sell a stock based on inflation that occurred after they bought it. Impoverished investors can be forced to pay capital gains taxes even during huge slumps in the stock market, when inflation masks the slump. Capital "gains" are not indexed for inflation; the seller pays tax not only on the real gain in purchasing power, but also on the illusory gain due to inflation. The liberal economist Alan Blinder, a former Federal Reserve Board member, conceded in 1980 that "most capital gains were not gains of real purchasing power at all, but simply represented the maintenance of principal...

• The Washington Times
• September 30, 2011

• Garner, capital gains tax bill go down swinging.

ED GARNER KNEW GOING IN he likely didn't have the votes to pass his House Bill 1002 in Senate committee, but he went down swinging nonetheless. The ...

• Arkansas Business
• March 21, 2011

• Investment Window for Capital Gains Tax Exclusion for Certain New Investments in Small Businesses Extended to December 31, 2011

On December 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the "Act")...

• Mondaq Business Briefing
• United States Law Articles in English

• ; the Capital-Gains Tax Should Be Capped and Eliminated

Our nation is headed into a double-dip recession. The situation lends urgency to the political debate over whether investors should be rewarded or punished. The economy will have no hope of recovery so long as Washington insists on crushing the entrepreneurial spirit with a capital-gains tax that's about to go up substantially. Republican presidential candidates sparred over the issue in New Hampshire on Tuesday. Newt Gingrich asked rival Mitt Romney why his economic plan limited the capital-gains tax rate cut to people who make less than $200,000. Mr. Romney blamed President Obama. "The reason for giving a tax break to middle-income Americans is that middle-income Americans have been the people who have been most hurt by the Obama economy," said the former Massachusetts governor. "If I...

• The Washington Times
• October 13, 2011

• 26 CFR 1.1374-1A - Tax imposed on certain capital gains.

• Code of Federal Regulations - Title 26: Internal Revenue

• Corporation Tax Capital Gains Simplification.

Introduction The draft legislation for Finance Bill 2011 includes several provisions simplifying the avoidance rules for corporate capital gains, an...

• Mondaq Business Briefing
• Nbr. 2011, January 2011

• Majority Split Over Capital Gains Tax Senate Wants to Repeal Break; Assembly Prefers Adding Oil Tax

Madison -- It's the biggest disagreement that Democratic leaders in the Capitol must resolve to get a state budget deal soon: Democratic state senators want to repeal Wisconsin's tax break on capital gains that is claimed by 9% of income tax filers; the repeal would cost those investors $485 million over two years. But Gov. Jim Doyle and Assembly Democrats want to only scale back the capital- gains tax exemption and instead enact a new tax on oil companies to generate $260 million over two years.

• The Milwaukee Journal Sentinel
• June 21, 2009

• 2010: A Year of Economic Transition

The real problem that threatens die country's long term prosperity is the rapidly growing federal debt. The budget recently presented by President Obama, projects a $ 1 .7 trillion deficit for 20 10, which will be added to the $12 trillion nation debt. The administration projects that the national debt could possibly double over me next decade. This projection caused Moody's Investors Services to warn that the AAA credit rating of the U.S. "could come under downward pressure. Higher Taxes- The federal government cannot raise taxes during the current fragile recovery period, however to reduce die deficit and national debt, taxes will have to be raised in the future. The Bush tax cuts expire January I1 2011 and President Obama has proposed raising die top marginal tax rates and increasin...

... top marginal tax rates and increasing the capital gains tax rate. Higher Inflation- The Federal Rese...

• Chicago Defender
• March 11, 2010

• Be Cautious of Year-End Capital Gains Tax Trap

NEW YORK -- The end of the year can be a great time to rebalance your portfolio and unload poor performers, but wise investors know to do a bit of research before buying and selling mutual funds in December. All year long, equity mutual funds add and subtract from their stock holdings, and when they sell shares at a profit, they generate capital gains, which are taxable. At the end of the year, funds that wind up with net capital gains share the bounty -- and the tax burden -- with investors by making distributions. This year, with many stocks advancing and fewer losses being carried forward from the bear market, a greater number of funds are expected to report capital gains. The dates of these distributions vary, but most take place in December.

• New Haven Register
• January 17, 2008