Annual Taxes - Humor In The Drudgery: Difference between revisions

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Revision as of 20:37, 21 August 2026


Ask ten people a person can discharge tax debts in bankruptcy and you will get ten different replies to. The correct answer will be the you can, but in the event that certain tests are met up.

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Canadian investors are subject to tax on 50% of capital gains received from investment and allowed to deduct 50% of capital losses. In U.S. the tax rate on eligible dividends and long term capital gains is 0% for those who are in the 10% and 15% income tax brackets in 2008, 2009, and '10. Other will pay will be taxed at the taxpayer's ordinary income tax rate. It is generally 20%.

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