capital gains tax

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  • noun

Words related to capital gains tax

a tax on capital gains

References in periodicals archive ?
AFBF says its ultimate goal is to convince Congress to repeal the capital gain tax for all Americans, but in the interim it supports a permanent extension of the 15 percent rate.
Past capital gain tax rate cuts have increased revenue to the federal government in the first two calendar years after the cuts, yet lost revenue thereafter.
1(h) to change the capital gain tax rates; thus, the reporting requirements for certain 2002 forms filed by entities with 2002-2003 fiscal years ending after May 5, 2003, have changed, as follows:
As indicated in the December 2000 Federal Tax article, the reduced capital gain tax rates and the deemed sale and repurchase election (under Sec.
The long-term capital gain tax on collectibles such as artwork, rugs, trading cards, stamp and coin collections, and memorabilia remains at 28 percent.
They were also advised that, if they chose the second option and paid the capital gain taxes, the Service might suspect they had arranged with their father to pay the lower capital gain tax (as opposed to the higher gift tax).
The 1997 Taxpayer Relief Act reduced the long-term capital gain tax rate imposed on noncorporate taxpayers for regular and alternative minimum tax purposes after 2000.
Simply stated, this change means that high-income taxpayers who purchase an asset in 2001 or later will automatically qualify for the lower 18% capital gain tax rate, provided the purchased asset is held for more than five years.