Difference between revisions of "Tax Rates Reflect Daily Life"

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Revision as of 04:35, 31 October 2024

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Canadian investors are be more responsive to tax on 50% of capital gains received from investment and allowed to deduct 50% of capital losses. In U.S. the tax rate on eligible dividends and long term capital gains is 0% for individuals in the 10% and 15% income tax brackets in 2008, 2009, and brand-new year. Other will pay will be taxed at the taxpayer's ordinary income tax rate. It is generally 20%.

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If you think taxes are high now, wait till 2011. Between federal, state and local governments, you are paying added than you now are. Plan for it ahead of your and you have be able to limit lots of damage.

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