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Politics : Welcome to Slider's Dugout

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To: Box-By-The-Riviera™ who wrote (4153)	12/14/2006 11:09:29 AM
From: c.hinton	of 50730

re .as to the tax issues, those are individually tailored issues and are the same in any other cap gains context. big snooze..................... Snooze through this at your own cost "The higher tax on precious metals punishes portfolio diversification, argues Michael DiRienzo, executive director of the Silver Institute. He notes that even exchange-traded funds that track the price of gold and silver are subject to the higher capital-gains tax. (ETFs are a type of security that trades like a stock.)"www.usnews.com/usnews/biztech/articles/060716/24checklist.htm and Types of Capital Assets From William Perez, Your Guide to Tax Planning: U.S.. FREE Newsletter. Sign Up Now! Capital gains are taxed differently depending on the type of capital asset you invested in. Some investments are taxed at special tax rates. Other investments qualify for tax-exempt status. Collectibles Long-term investments in collectibles are taxed at a flat 28%. Short-term investments in collectibles are taxed as short-term capital gains at your ordinary income tax rates. Collectibles include the following items: stamps, coins, precious metals, precious gems, rare rugs, antiques, alcoholic beverages, and fine art. taxes.about.com

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