Apple and Barnes & Noble are 60 % of retail price, though for Apple's UK, France, Germany and Australian bookstores, Apple deducts a
Value Added Tax (VAT) from your sales price, so your actual earnings share
= 60 % of (Retail price - VAT).
* Condo 2009 fair market
value of $ 225,000 — 2002 purchase price of $ 200,000
= $ 25,000 → you owe
tax on this capital gain * $ 25,000 divided by 2
= $ 12,500 → the capital gain you will be
taxed on * $ 12,500 x marginal
tax rate (we assume 30 %)
= $ 3,750 * Then you'd need to
add in the
tax owed on your house: The house fair market
value in 2015 of $ 620,000 — appraisal
value in 2010 of $ 550,000
= $ 70,000 → you owe
tax on this capital gain (as your condo, not your house was your primary residence) * $ 70,000 divided by 2
= $ 35,000 x marginal
tax rate of 30 %
= $ 10,500 * The 2001 to 2009 appreciation of $ 300,000 would be sheltered as the house was your primary residence during those years.