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  2. 1231 property - Wikipedia

    en.wikipedia.org/wiki/1231_property

    Gains and losses under 1231 due to casualty or theft are set aside in what is often referred to as the fire-pot (tax). These gains and losses do not enter the hotchpot unless the gains exceed the losses. If the result is a gain, both the gain and loss enter the hotchpot and are calculated with any other 1231 gains and losses.

  3. Capital Gains Tax on Stocks: What It Is and How To Minimize It

    www.aol.com/capital-gains-tax-stocks-everything...

    Here’s an example. Five years ago, Jane Investor, a teacher, bought 100 shares of ABC stock at $100 a share. She also bought 100 shares of XYZ stock at $100 a share. Today, ABC shares are ...

  4. Capital gains tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Capital_gains_tax_in_the...

    From 1998 through 2017, tax law keyed the tax rate for long-term capital gains to the taxpayer's tax bracket for ordinary income, and set forth a lower rate for the capital gains. (Short-term capital gains have been taxed at the same rate as ordinary income for this entire period.) [ 16 ] This approach was dropped by the Tax Cuts and Jobs Act ...

  5. What is the long-term capital gains tax? - AOL

    www.aol.com/finance/long-term-capital-gains-tax...

    Capital gains taxes are a type of tax on the profits earned from the sale of assets such as stocks, real estate, businesses and other types of investments in non tax-advantaged accounts ...

  6. Depreciation recapture - Wikipedia

    en.wikipedia.org/wiki/Depreciation_recapture

    The remainder of any gain realized is considered long-term capital gain, provided the property was held over a year, and is taxed at a maximum rate of 15% for 2010-2012, and 20% for 2013 and thereafter. If Section 1245 or Section 1250 property is held one year or less, any gain on its sale or exchange is taxed as ordinary income.

  7. What You Need to Know About Capital Gains Tax Rates - AOL

    www.aol.com/finance/guide-capital-gains-tax...

    Based on filing status and taxable income, long-term capital gains for tax years 2021 and 2022 will be taxed at 0%, 15% and 20%. Short-term gains are taxed as ordinary income. Capital Gains Tax ...

  8. Assessing Claims Comparing Capital Gains Tax Rates Under ...

    www.aol.com/news/assessing-claims-comparing...

    “Biden is proposing a 44.6% capital gains tax, ... made from the sale of appreciated assets, such as stocks or bonds—were low or nonexistent. ... of at the 20 percent maximum capital gains ...

  9. Wealth tax - Wikipedia

    en.wikipedia.org/wiki/Wealth_tax

    A wealth tax (also called a capital tax or equity tax) is a tax on an entity's holdings of assets or an entity's net worth. This includes the total value of personal assets, including cash, bank deposits, real estate, assets in insurance and pension plans, ownership of unincorporated businesses , financial securities , and personal trusts (a ...