Difference between revisions of "Dealing With Tax Problems: Easy As Pie"
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Revision as of 21:00, 31 October 2024
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Canadian investors are depending upon transfer pricing 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 those invoved with the 10% and 15% income tax brackets in 2008, 2009, and last year. Other will pay will be taxed at the taxpayer's ordinary income tax rate. Its generally 20%.
Defenders in the IRS position would say it comes back to Section 61. The waitress provided a service for me, and I paid for it. Compensation for services is taxable. End of adventure.
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