Without a one-time tax gain, the company earned 33 cents per share, coming in under the analyst consensus for 39 cents.
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Its 31% increase in net income in the fourth quarter resulted primarily from higher operating profit, a pre-tax gain for the sale of its 18% ownership in the Game Show Network, and a lower effective tax rate.
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While the stock could continue its roller coaster ride given the concerns of iPhone supply, gross margins and tax gain selling to capture a lower capital gain tax rate before year end I believe that the shares will rebound when investors focus on holiday sales.
He admitted that companies like his exploit loopholes in tax law to gain a tax advantage for their clients.
But exactly how they tax capital gain is another matter and can be surprising.
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In essence, the estate tax is replaced by the capital gain tax.
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In order for this voluntary progressive tax to gain market share and achieve a sustainable equilibrium it must be tied to the provision of a government service that can be alternatively supplied by private institutions.
As DFA explains to its investors, managing a portfolio for tax benefits centers on minimizing your capital gain tax exposure when stocks are sold.
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As such, not only will estates be subject to the estate tax, those inheriting property will be subject to capital gain tax upon sale of that inherited property.
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The PVF allows the investor to receive an up-front payment (typically, 75-85% market value) in exchange for delivery of a variable amount of shares or cash in the future, at which time the capital gain is realized for tax purposes and the tax on the capital gain is paid.
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Although I believe it is highly unlikely that all Bush tax cuts will be allowed to entirely expire, one big question is whether the 15% capital gain tax rate will stick for all or only some.
The remaining 50% of the gain was subject to tax at 28%, however, meaning the tax rate on the total gain was 14%.
So if trust income is a mixture of dividend, capital gain and tax-free income (from muni bonds or principal), the ordinary income must be used up before the payout can be taxed as gain, and gain must be used before the payout can be tax-free.
If the property is appreciated say stock or real estate you never have to pay tax on your gain.
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The government also said it will impose a 20% capital gain tax on profit made from home sales.
And to raise the odds he'll keep that tax-free gain, in October he began diversifying his Roth portfolio.
There are already signs the French government may try to undo some of the capital gain tax changes.
One thing repelling potential raiders is some uncertainty over the corporate capital gain tax that would be owed in a liquidation.
The company is just barely profitable now and owes a lot of that profitability to a favorable one-time tax-related gain.
If the property has been held for more than one year, gains are taxed at favorable long-term capital gain tax rates.
Even then the swap may not make sense unless the client has a reasonable prospect of eliminating, not just deferring, the capital gain tax.
As such, after a meager step-up, those inheriting property would be subject to recognizing a gain on said property and subject to capital gain tax.
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To take an extreme example, if you are trying to avoid a 15% capital gain tax on a stock sale, you might invest in a shady tax shelter.
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However, his critics will soon find a top rate taxpayer gaining thousands of pounds and contrast them with a struggling pensioner who's lost - or, rather, will not gain tax relief - of a few hundred pounds.
This presents a unique opportunity for noncorporate taxpayers to invest in Section 1202 stock for the next year and enjoy the benefit of tax-free gain on a subsequent sale of the stock five years down the road.
The China Shanghai Composite Index fell 2.7% to 2308.55 and Taiwan's Taiex was the region's worst performer, down 3% to 6894.66, as global growth concerns were compounded with fears that unpopular capital-gain tax proposal will be pushed through the legislature in the next few days.
As for business, in the short-run it will lose more from the closure of tax loopholes than it will gain from the planned gradual cut in ultra-high corporate tax rates.
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