You will be taxed on capital gains
Posted By: made on the sell of your house... on 2007-03-02
In Reply to: Where to put my money - that I will soon have
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- Where to put my money - that I will soon have
- You will be taxed on capital gains - made on the sell of your house...
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capital gains = probably big bucks.
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We paid capital gains on a rental house sm
that we sold about 8 years ago. It was approximately 23% (I think-it may have been about 20%). From the way I understood it, capital gains was based on our adjusted gross income and you pay the taxes on the profits not the whole amount. When we got paid for the house, I kept back 30% and it covered the fed and state taxes. We wound up paying about 5,000.00 between the two. Hope this helps. I'm not an accountant either, just know from experience. The IRS website has really good information there.
Is this taxed?
Cnn is reporting tax rebate of $600 for individual and $1200 for couples. Is this something we have to turn around and pay taxes on like income would be?
It's not your assets that would be taxed,
it's your income acquired from the services you provide using your assets. Now, I don't know about other states, but I do not think that services are taxed in my state (to the consumer utilizing the services), but the business providing the services definitely is required to pay income taxes. Just like with my transcription service. I do not charge anyone taxes on the service fees, but I do have to pay income tax.
Would you also want your income taxed at the 40% rate?
At one time England did that. The friends we had in Cananda said they were taxed to death on their income, but they were pretty pleased with their healthcare. There is no easy solution.
I've seen shows where once the wife gains a lot of weight
yes, the husband gives them a choice, either lose weight or I'm leaving you. It does happen. I'm sure it happens the other way around too.
Look below, in capital letters and...
it did not take me a fraction of a second to figure out who * he * was! C'mon now.
So tacky with capital T
I would be so offended to get an invite like this, would not care where it came from. I probably would not go and if I did, hey $$$ would to me equal 3 but I don’t even think I would show up. I got invite before from relative, had not seen nor talked with them in years, invite to wedding, threw in garbage.
I'm from the capital of scrapple, Philadelphia.
I've also never hard of vinegar on scrapple. Maple syrup seems to be popular the further west you go. I definitely don't like that. I see a lot of people using ketchup, but I consider ketchup to be a waste of good tomatoes. I hate the stuff on anything. When I was a kid, whenever we had scrapple for breakfast, we'd also have big, thick slices of tomato on the plate, too. I loved that. It has to be really fresh, really ripe and tasty garden tomato. Since I haven't had a garden for years and years, I rarely have the tomato with scrapple anymore.
I suppose I related to the rate of capital punishments
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