Capital Gains Tax (CGT)

Business / Taxes / Capital Gains Tax (CGT): A capital gains tax is due on profits you realize on the sale of a capital asset, such as stock, bonds, or real estate. Long-term gains, on assets you own more than a year, are taxed at a lower rate than ordinary income while short-term gains are taxed at your regular rate. The long-term capital gains tax rates on most investments is 15% for anyone whose marginal federal tax rate is 25% or higher, and 5% for anyone whose marginal rate is 10% or 15%. There are some exceptions. For example, long-term gains on collectibles are taxed at 28%. You are exempt from 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.

Other Words for Capital

Capital Adjective Synonyms: chief, main, major, important, cardinal, central, principal, prime, primary, paramount, pre-eminent, foremost, leading
Capital Noun Synonyms: head, top, crown, cap
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Other Words for Tax

Tax Noun Synonyms: assess, exact, demand, charge, impose or levy a tax (on), tithe
Tax Adjective Synonyms: levy, impost, duty, tariff, assessment, tribute, toll, excise, customs, charge, contribution, scot, tithe, octroi, cess, rate(s), dues
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Social Security (FICA) Taxes

Business / Accounting / Social Security (FICA) Taxes: Federal Insurance Contributions Act taxes imposed on employee and employer: used mainly to provide retirement benefits. MORE

Small-Capitalization Stock

Business / Taxes / Small-Capitalization Stock: Shares of relatively small publicly traded corporations with a total market capitalization of less than $2.3 billion are typically considered small-capitalization, or small-cap, stocks. That number is MORE

Short-Term Tax Exempts

Business / Finance / Short-Term Tax Exempts: Ratios used to judge the adequacy of liquid assets for meeting short-term obligations as they come due, including (1) the current ratio, (2) the acid test ratio, (3) the inventory turnover ratio, and MORE

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