arpking
08-20-2006, 01:15 PM
I have been researching capital gains tax laws. I spoke with a tax attorney last week and recieved some information. These laws seem to be cloudy, and confusing.
Capital gains tax can be anywhere from 5% to 35%, depending on your tax bracket, your profit, and when you bought and sold the "property". The term "property" is used loosely. Most people know of capital gains from real estate, but the term "property" could mean other things, which dictate other sets of laws ( exchanging dinar is selling property)?
Anyone with GENUINE KNOWLEDGE about capital gains tax laws please set the record straight. All profit has to be claimed lawfully, but there are many avenues in which to take. Which path do we all take? How does it ACTUALLY work? Inquiring minds want to know............... THE TRUTH.
Capital gains tax can be anywhere from 5% to 35%, depending on your tax bracket, your profit, and when you bought and sold the "property". The term "property" is used loosely. Most people know of capital gains from real estate, but the term "property" could mean other things, which dictate other sets of laws ( exchanging dinar is selling property)?
Anyone with GENUINE KNOWLEDGE about capital gains tax laws please set the record straight. All profit has to be claimed lawfully, but there are many avenues in which to take. Which path do we all take? How does it ACTUALLY work? Inquiring minds want to know............... THE TRUTH.