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Capital Gains Tax Rate
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Tax relief, what tax relief? (Mail and Guardian)
According to Finance Minister Manuel, there will be R13,6-billion of tax relief for individuals in this year’s tax period. This equates to about 7% of last year’s total income from personal taxes. But don’t be fooled, what Manuel may appear to give with one hand, he has taken with the other. Tax tips for a recession (Coeur d'Alene Press)
Now that President Obama has taken office, many experts expect an eventual increase in capital gains and income tax rates for high net worth individuals. However, it's likely the current recession might delay some of these anticipated increases. Max Capital Group Ltd. Reports Fourth-Quarter and Year-End 2008 Results (Business Wire via Yahoo! Finance)
HAMILTON, Bermuda----Max Capital Group Ltd. today reported a net loss for the three months ended December 31, 2008, of $94.1 million, or $1.67 per diluted share, compared to net income of $62.4 million, or $1.00 per diluted share, for the three months ended December 31, 2007. ARC Energy Trust announces 2008 U.S. Tax Information (CNW Group via Yahoo! Finance)
AET.UN and ARX - TSX) ARC Energy Trust announces its 2008 U.S. Income Tax Information to be as follows: Canadian dealers eye tax breaks to lure car buyers (National Post)
Canadian auto dealers say they are weighing whether to follow the United States' lead and ask Ottawa to implement tax breaks to new car buyers. No Pity for Rich Tax Cheats (WallStreet Journal via Yahoo! Finance)
A survey shows the public is becoming less tolerant of tax cheating for people of all incomes -- especially by the wealthy. XL Capital Announces Fourth Quarter and Full Year 2008 Results (PR Newswire via Yahoo! Finance)
XL Capital Ltd today reported fourth quarter and full year 2008 results. Expert: George Saenz, CPA (Bankrate.com)
Dear Tax Talk, I will have a capital loss carryover of $129,000 on my 2008 Form 1040, Schedule D ($19,000 long-term and $110,000 short-term) with no current capital gains to offset it, so I will use the $3,000 capital losses limit to offset other income on my 2008 tax return. Yen gains on risk aversion (Reuters via Yahoo! UK & Ireland News)
The U.S. dollar and the yen held onto hefty gains on Wednesday as risk aversion returned with a vengeance after Washington's latest bank bailout package proved long on promises but short on details. Tax hot line open Feb. 14 (The Journal News)
Changes in rules governing the earned income tax credit, capital gains exclusions for house sales and the 'kiddie tax' may bedevil taxpayers this spring, but take heart.
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