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Find Proper Tax Accountant

  • Street: An Der Alster 32
  • City: Alt Jassewitz
  • State: Connecticut
  • Country: Germany
  • Zip/Postal Code: 23968
  • Listed: Mart 28, 2020 10:45 pm
  • Expires: This ad has expired


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Under current tax laws, capital gains are taxed depending for that holding time period the option. Assets held less than year are taxed in the investor’s ordinary income tax rates while assets held greater rather than a year are taxed at long-term tax rates of 15 percent (unless Congress lets the Bush tax cuts expire in 2011). Unfortunately, the IRS considers investments in gold, including gold ETFs, as valuables. Under IRS rules, gold ETFs held over a full year are taxed at the rate of 28 percentage. If the investment is held lower 1 year, the same income tax applies as everyday income tax rates may be up to as 35 % (39.6 percent if tax cuts remain to expire).

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