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July 23, 2009 at 2:52 PM #436618July 23, 2009 at 3:16 PM #435860
an
Participant[quote=SK in CV]
Passive income is taxed at the highest rates, as are wages, interest, taxable retirement plan distributions and net business income (among others). Additionally, I believe (I could be making this part up, but I don’t think so.) this surtax is based on AGI, not taxable income, so it would be on all income including capital gains.[/quote]
I didn’t know long term capital gain is taxed at the highest rates? When I say passive income, I’m referring to long term capital gains. Passive income might not have been the correct term for what I’m trying to say.July 23, 2009 at 3:16 PM #436067Participant[quote=SK in CV]
Passive income is taxed at the highest rates, as are wages, interest, taxable retirement plan distributions and net business income (among others). Additionally, I believe (I could be making this part up, but I don’t think so.) this surtax is based on AGI, not taxable income, so it would be on all income including capital gains.[/quote]
I didn’t know long term capital gain is taxed at the highest rates? When I say passive income, I’m referring to long term capital gains. Passive income might not have been the correct term for what I’m trying to say.July 23, 2009 at 3:16 PM #436386Participant[quote=SK in CV]
Passive income is taxed at the highest rates, as are wages, interest, taxable retirement plan distributions and net business income (among others). Additionally, I believe (I could be making this part up, but I don’t think so.) this surtax is based on AGI, not taxable income, so it would be on all income including capital gains.[/quote]
I didn’t know long term capital gain is taxed at the highest rates? When I say passive income, I’m referring to long term capital gains. Passive income might not have been the correct term for what I’m trying to say.July 23, 2009 at 3:16 PM #436460Participant[quote=SK in CV]
Passive income is taxed at the highest rates, as are wages, interest, taxable retirement plan distributions and net business income (among others). Additionally, I believe (I could be making this part up, but I don’t think so.) this surtax is based on AGI, not taxable income, so it would be on all income including capital gains.[/quote]
I didn’t know long term capital gain is taxed at the highest rates? When I say passive income, I’m referring to long term capital gains. Passive income might not have been the correct term for what I’m trying to say.July 23, 2009 at 3:16 PM #436628Participant[quote=SK in CV]
Passive income is taxed at the highest rates, as are wages, interest, taxable retirement plan distributions and net business income (among others). Additionally, I believe (I could be making this part up, but I don’t think so.) this surtax is based on AGI, not taxable income, so it would be on all income including capital gains.[/quote]
I didn’t know long term capital gain is taxed at the highest rates? When I say passive income, I’m referring to long term capital gains. Passive income might not have been the correct term for what I’m trying to say.July 23, 2009 at 3:34 PM #435870SK in CV
Participant“Passive income” has a very specific meaning in the tax code. It generally refers to net rents, and other business activities where the taxpayer has no material participation. (not dividends, generally not capital transactions) Losses from passive activities (with some exceptions) are limited to net income from other passive activities. You are correct that capital gains are taxed at some of the lowest rates.
July 23, 2009 at 3:34 PM #436077Participant“Passive income” has a very specific meaning in the tax code. It generally refers to net rents, and other business activities where the taxpayer has no material participation. (not dividends, generally not capital transactions) Losses from passive activities (with some exceptions) are limited to net income from other passive activities. You are correct that capital gains are taxed at some of the lowest rates.
July 23, 2009 at 3:34 PM #436397Participant“Passive income” has a very specific meaning in the tax code. It generally refers to net rents, and other business activities where the taxpayer has no material participation. (not dividends, generally not capital transactions) Losses from passive activities (with some exceptions) are limited to net income from other passive activities. You are correct that capital gains are taxed at some of the lowest rates.
July 23, 2009 at 3:34 PM #436470Participant“Passive income” has a very specific meaning in the tax code. It generally refers to net rents, and other business activities where the taxpayer has no material participation. (not dividends, generally not capital transactions) Losses from passive activities (with some exceptions) are limited to net income from other passive activities. You are correct that capital gains are taxed at some of the lowest rates.
July 23, 2009 at 3:34 PM #436638Participant“Passive income” has a very specific meaning in the tax code. It generally refers to net rents, and other business activities where the taxpayer has no material participation. (not dividends, generally not capital transactions) Losses from passive activities (with some exceptions) are limited to net income from other passive activities. You are correct that capital gains are taxed at some of the lowest rates.
July 23, 2009 at 3:50 PM #435880Participant[quote=SK in CV]”Passive income” has a very specific meaning in the tax code. It generally refers to net rents, and other business activities where the taxpayer has no material participation. (not dividends, generally not capital transactions) Losses from passive activities (with some exceptions) are limited to net income from other passive activities. You are correct that capital gains are taxed at some of the lowest rates.[/quote]
Thanks for clearing that up. Well, I did use the wrong words then. I should have just said capital gain instead of passive income.July 23, 2009 at 3:50 PM #436087Participant[quote=SK in CV]”Passive income” has a very specific meaning in the tax code. It generally refers to net rents, and other business activities where the taxpayer has no material participation. (not dividends, generally not capital transactions) Losses from passive activities (with some exceptions) are limited to net income from other passive activities. You are correct that capital gains are taxed at some of the lowest rates.[/quote]
Thanks for clearing that up. Well, I did use the wrong words then. I should have just said capital gain instead of passive income.July 23, 2009 at 3:50 PM #436407Participant[quote=SK in CV]”Passive income” has a very specific meaning in the tax code. It generally refers to net rents, and other business activities where the taxpayer has no material participation. (not dividends, generally not capital transactions) Losses from passive activities (with some exceptions) are limited to net income from other passive activities. You are correct that capital gains are taxed at some of the lowest rates.[/quote]
Thanks for clearing that up. Well, I did use the wrong words then. I should have just said capital gain instead of passive income.July 23, 2009 at 3:50 PM #436480Participant[quote=SK in CV]”Passive income” has a very specific meaning in the tax code. It generally refers to net rents, and other business activities where the taxpayer has no material participation. (not dividends, generally not capital transactions) Losses from passive activities (with some exceptions) are limited to net income from other passive activities. You are correct that capital gains are taxed at some of the lowest rates.[/quote]
Thanks for clearing that up. Well, I did use the wrong words then. I should have just said capital gain instead of passive income. -
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