The tax treatment of long-term gains
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stanton
Apprentice
Joined: 11 Oct 2006
Posts: 2
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 Posted: 05/03/08 - 04:59 Post subject: |
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| I have been planning to start a business and I expect to get a pretty good profit from it. I will be mostly in trading and I seek to assure the best possible position. Now, I would like someone to help me to figure out what is the tax treatment of long-term gains. If anyone could help that would be great. |
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mitch
Apprentice
Joined: 11 Sep 2005
Posts: 7
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| Posted: 06/02/08 - 00:54 Post subject: |
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| Running any kind of business is never easy, and part of it is making a sound financial plan. Now, knowing about taxes you need to pay is equally important. There simply must not be any mistakes regarding your tax paying. If you pay more, it is damaging to you. If you pay less, it is even more damaging. Capital gains tax is one of the more frequent in a business with lots of investing. Now, the long term gain is taxed depending on your general status as a tax payer, starting with 5% for the lowest amount you need to pay, 15% if you are paying higher taxes due to the income, and so on. For some more info, go to http://invest-faq.com/articles/tax-cap-gains-rates.html. |
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