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Gold/Mining/Energy : CDN. MOMO PUPPIES
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To: Lola who wrote (27061)2/21/2000 12:40:00 AM
From: WhatsUpWithThat  Read Replies (2) of 36688
 
outside I think you're allowed to make a certain amount of profit before they start taxing you on it

Lola, that was under the (really) old rules, with a $250,000 lifetime exemption. For some years it has been that you simply include 75% of your capital gains as income, so it is subject to the same rules as your employment and other income.

re. incorporating, this is a complicated area, and one that shouldn't be considered with serious consultation with a tax accountant (which I'm not - not trying to drum up business <g>)

WUWT
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