capital gains

     

A capital gain is a profit that results from the sale or exchange of a capital asset; such as "stocks", "bons", or "real estate" which exceeds the purchase price. On the other hand a capital loss arises if the sale proceeds of a capital asset are less than the purchase price.

Trivia about capital gains

  • These "gains" are the taxable profits from the sale of assets like stocks & bonds
  • It's the tax on earnings from the disposition of securities & investment
  • The Tax Reform Act of 1986 set the tax on these, profits from sold assets, at the same rate as other income
  • (David Faber gives the clue from the set of The Faber Report.) As of 2011 this 2-word tax on profits from the sale of an asset such as a stock generally maxed out at 15%; D.C. loves to fight about it

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