Business / Taxes / Capital Gain: When you sell an asset at a higher price than you paid for it, the difference is your capital gain. For example, if you buy 100 shares of stock for $20 a share and sell them for $30 a share, you realize a capital gain of $10 a share, or $1,000 in total. If you own the stock for more than a year before selling it, you have a long-term capital gain. If you hold the stock for less than a year, you have a short-term capital gain. Most long-term capital gains are taxed at a lower rate than your other income while short-term gains are taxed at your regular rate. There are some exceptions, such as gains on collectibles, which are taxed at 28%. The long-term capital tax rates are 15% for anyone whose marginal federal tax rate is 25% or higher, and 5% for anyone whose marginal rate is 10% or 15%. You are exempt from paying capital gains tax on profits of up to $250,000 on the sale of your primary home if you're single and up to $500,000 if you're married and file a joint return, provided you meet the requirements for this exemption.
Capital Adjective Synonyms: chief, main, major, important, cardinal, central, principal, prime, primary, paramount, pre-eminent, foremost, leading
Capital Noun Synonyms: head, top, crown, cap
Gain Noun Synonyms: acquisition, achievement, attainment
Gain Verb Synonyms: catch up (to or on or with), approach, get nearer (to), overtake, close with, close in (on), narrow the gap, gain ground
Gain Adverb Synonyms: get, obtain, acquire, procure, attain, achieve, secure, earn, win, capture, bag, net, harvest, reap, garner, glean, collect, gather, come by, pick up
Business / Finance / Capital Gains Distribution: When a stock is sold for a profit, the capital gain is the difference between the net sales price of the securities and their net cost, or original basis. If a stock is sold below cost, the difference MORE
Business / Accounting / Capital Gains Tax: When a fixed asset is sold at a profit, the profit may be liable to a tax called Capital Gains Tax. Calculating the tax can be a complicated affair (capital gains allowances, adjustments for inflation MORE