- Street: Fornang 8
- City: Fellingsbro
- State: Arizona
- Country: Sweden
- Zip/Postal Code: 710 41
- Listed: Mart 29, 2020 9:48 pm
- Expires: This ad has expired
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Under current tax laws, capital gains are taxed depending using the holding associated with time the investment property. Assets held less compared to year are taxed in the investor’s ordinary income tax rates while assets held greater than 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 collectors’ items. Under IRS rules, gold ETFs held over 1 yr are taxed at the actual rate of 28 fraction. If the investment is held when compared with 1 year, the same income tax applies as everyday income tax rates which is be increased as 35 % (39.6 percent if tax cuts stay to expire).
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