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capital gains tax |
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capital gains taxTax levied on gains realized from the sale or exchange of capital assets. Though capital gains have been taxed in the U.S. since the advent of the federal income tax, certain capital gains are taxed less heavily than regular income, while others are exempted from taxation. This preferential treatment is intended to encourage investment and thereby stimulate economic growth. In theory the tax break encourages investors to risk their capital in new ventures. Critics argue that preferential treatment results in distorted patterns of investment because regular income is converted into capital gains in order to avoid paying income tax. See also corporate income tax. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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In May 2006, the government eliminated the capital gains tax on publicly-traded stocks and bonds donated to charity. The capital gains tax from the sale can be deferred until the replacement property is later disposed of. amp;nbsp; I am not very knowledgeable on taxes, but I believe the difference between ordinary income tax rate and capital gains tax rate for our corporation may be a 35% to 45% difference which will eat up a large part of the profit from the investment. |
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