Sentences with phrase «current ordinary tax rate»

Not exact matches

Under current law, high - income fund partners pay the long - term capital gains rate of 20 percent on their carried interest income, instead of the 39.6 percent individual tax rate that applies to the ordinary wage income of high earners.

With capital gains taxes, your earnings are taxed at either the current capital gains tax rate or your ordinary income rate, depending on how long you hold the bond.

You'd owe ordinary income tax on that balance, which at the current rates would be roughly $ 33,000.

In addition to capital gains distributions, fund distributions may include nonqualified ordinary dividends (taxed at ordinary income tax rates), qualified dividends (taxed at rates applicable to long - term capital gains if holding period and other requirements are met), exempt - interest dividends (not subject to regular federal income tax) and nondividend, or return of capital, distributions, which are not subject to current tax.

If capital losses exceed the gains (or if there are no capital gains), the net loss can be used to offset up to $ 3,000 of the current year's ordinary income (even though ordinary income may be taxed at a higher rate than capital gains).

Simpletons and Bush / Mcbush apologists also feel that ethanol which is LESS efficient than ordinary gas, is a GREAT idea, even as it creates the world's largest dead zone in the Gulf, offshore drilling is THE answer despite anyone w / a brain stating that this capacity won't come online for 30 years and which will produce about three weeks» worth of oil at our country's CURRENT rate of use, and that some silly gas tax reprieve, which will cost us in infrastructure improvements and lost jobs, is a good thing....

The amount of gain in the policy (the current cash value minus the dollars you contributed along the way) would be taxed at ordinary income tax rates.

Change the tax rate of gain on sale of real property that represents depreciation recapture from the current - law rate of 25 percent to ordinary income tax rates.

Conversions are considered ordinary income so they'll be taxed at the individuals» current tax rate.