FOX Translator
No data currently available.
No data currently available.
These gains don't cause pain. A capital gain is the amount of money you pocket by selling one of your investments for more than you paid for it. Technically, capital gains only count for what's called a capital asset, but that's really just anything you own for investment purposes. Stocks and bonds obviously qualify, but your house and household furnishings can also count.
For tax purposes, capital gains are classified as either long-term (held for more than one year) or short-term (held for less than one year) and there are different tax implications for how long you hold onto a capital asset. For most long-term capital gains, you're taxed no more than 15% of the value of the asset. Short-term gains get taxed as regular income, so you pay the rate for the tax bracket you're in.
Capital gains can also be realized or unrealized. When you physically sell an asset like a stock, you've realized the capital gain. When you're holding the stock, and it has a value over its purchase price, but you're not selling it, you've got an unrealized gain, and you won't realize it until you sell.
In a perfect world, we'd all have capital gains. But no one¿s that smart or lucky. When the value of an asset at sale is below what you've paid for it, it's called a capital loss. The good news is that the government lets you count that loss against any gains you've had, lowering the taxes you pay. In fact, many people who sell a stock that has risen far over their purchase price tend to sell some stinkers, too, at the same time for the tax benefit. This is known as a capital-loss offset.
Home
Tuesday, May 27, 2008
Congress Will Step in on E-Waste Recycling if Industries Don't Agree
Comtex
WASHINGTON, May 27, 2008 /PRNewswire-USNewswire via COMTEX/ ----If the industries involved don't reach an agreement quickly on how to handle e-waste recycling, Congress is likely to step in, said Rep. Mike Thompson, D-Cal., founder of the Congressional E-Waste Working Group, in an interview with Green Electronics Daily. The story is in the May 28 issue of Green Electronics Daily.
But that will happen "only if we are not able to reach any sort of agreement between the stakeholders," Thompson said. Recent comments have suggested wide support for the producer responsibility model as a means of financing collection and recycling of discarded electronics, except in the consumer electronics industry. Thompson said he sees "strong consensus" for a federal program. "I'm hopeful that the industries involved will see our legislation as a critical step forward," he said.
The working group wants to get a bill "finalized as quickly as possible," Thompson said: "I do not anticipate any trouble finding Republican support in the Senate."
Green Electronics Daily, a new publication covering environmental issues involving consumer electronics and telecommunications, provides executives and government officials, among others, with valuable information about eco-friendly business plans, rules and regulations being considered by federal, state and local governments, the success, or lack thereof, of new "green" electronics products, and much more.
Green Electronics Daily was launched May 20 by Warren Communications News, whose award-winning Communications Daily, Consumer Electronics Daily and Washington Internet Daily are widely known in their industries for providing timely, exclusive, accurate and independent news and analysis to help business executives and government officials make informed strategic decisions on the future of their businesses.
For a free trial subscription to Green Electronics Daily, or for the May 20 issue featuring the Adelstein interview, please call 202-872-9200, or info@warren-news.com.
SOURCE Warren Communications News
http://www.warren-news.com/
Copyright (C) 2008 PR Newswire. All rights reserved
Market Snapshot
| Symbol | Last Price | Netchange | Volume |
|---|---|---|---|
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
FOX Business Tools
Sponsored By
