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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: ztect who wrote (3348)12/9/1998 8:27:00 AM
From: The Osprey  Read Replies (1) of 37507
 
Depends on your personal tax rate.I.E. If you earn 10,000 capital gains quite simply you are reporting 7500 in income and taxed at your personal rate.The 25% is tax free.Capital losses are used to offset or reduce the taxable portion.This is very siplified.There are probably accountants who could give a more concise answer.

Osprey

Federal Rates are 17% ,27 and 29 and provincial is a percentage of Federal Taxes Payable.In NS it is 59.5% of your Federal rate.We also have a special high income surtax as well as a individual surtax which they are proposing to reduce. They also want to eliminate the High income surtax in the report from the Parliamentary Finance Committee to the Government.I hope they do.It would show in our next budget if they are accepted.

Believe me it is plenty regardless
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