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"Additionally, you may face state and local taxes, which could bring your total tax rate to as high as 54% — 37.6% in federal income tax, plus 3.8% in net investment income tax, plus 12.3% in ...
The popular SPDR Gold , iShares Gold , and iShares Silver all get treated the same as gold and silver bullion itself, and you'll owe the higher rate on gains. A few solutions
Cash for Gold USA, an established gold buyer, is a top choice for selling your gold items. They offer competitive rates for a wide range of gold items, including jewelry, scrap gold and gold coins.
Sales tax (VAT): Investment gold such as bars and coins with a high degree of purity is exempt from VAT in many countries. Investment gold enjoys preferential tax treatment in the European Union [53] and Switzerland. [54] By contrast, gold jewelry is subject to sales tax in most countries because it is considered a consumer good.
We are not in the business of raising taxes, we are in the business of lowering taxes in Canada. It is not an idea we would look at." [158] People's Republic of China: China opposes the tax because it may add more burdens on domestic banks. [144] Great Britain: The British government supports FTT only if implemented worldwide.
In the EU, interchange fees are capped to 0.3% of the transaction for credit cards and to 0.2% for debit cards, while there is no cap for corporate cards. [3] In the US, card issuers now make over $30 billion annually from interchange fees. Interchange fees collected by Visa [4] and MasterCard [5] totaled $26 billion in 2004. In 2005 the number ...
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