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    noboat's Avatar
    noboat Posts: 31, Reputation: 1
    Junior Member
    		  
    #1

    Nov 11, 2006, 05:12 PM
    Capitol gains
    Are capitol gains added to your annual taxable income, or are they treated as a separate gain & taxed differently?
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
    		  
    #2

    Nov 11, 2006, 05:50 PM
    They are treated as a separate gain and taxed differently.

    So if your Employment Income is $60,000 then you will be taxed on that.

    And another tax calculation for the $20,000 or whatever in capital gains. I don't know where you live, but in Canada, Capital Gains are only taxes at 50%. So 20,000 in C.G. would only be taxed on 10,000
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Nov 12, 2006, 03:42 PM
    CaptainForest has said it all!
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