Sales of securities, and also undeveloped land.
2007-06-27 23:40:05 · 4 answers · asked by Summer_Girl 1 in Business & Finance ➔ Taxes ➔ United States
In 2010 dividends will be tax free only if you are in the 10% or 15% tax bracket for the one year only. I
f you are in a higher tax bracket you will still pay tax and will pay tax on all capital gain.
2007-06-28 00:39:24 · answer #1 · answered by jks_mi 3 · 2⤊ 4⤋
Your info is wrong. In 2010 the estate tax is eliminated. However it will return in 2011. Estate tax is due when a person dies. The value of the estate is taxed (above a certain level). It makes no difference if the estate is all savings or all investment income...the tax is the same.
2007-06-28 14:17:36 · answer #2 · answered by skipper 7 · 0⤊ 0⤋
not sure where you are getting your information...
2010 the cap on estate taxes gets maxed out but the taxes on cap gains long and short do not go away. In fact, if Congress does nothing, the tax cuts will expire and the tax rates on long term cap gains and dividends will go back up!
2007-06-28 06:48:54 · answer #3 · answered by Matthew K 3 · 2⤊ 1⤋
I have no idea where you heard that investment income will be tax-free in 2010 but there's no truth to that rumor at all.
2007-06-28 07:23:38 · answer #4 · answered by Bostonian In MO 7 · 2⤊ 2⤋