TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Method for computing tax when capital gains are included: reduce income, tax reduced balance, then add gains tax -tax</h1> Where a non-corporate taxpayer's total income includes capital gains, tax is computed by first reducing total income by the capital gains (and specified compensation/payments) and charging tax on that reduced income, then adding tax attributable to the included capital gains calculated by specified methods: short-term gains taxed at the average rate applicable to the reduced total, and long-term gains taxed at prescribed fractions of the average rate or fixed percentages with limits and minimums; exemptions apply if total income is below a threshold and separate tax treatment applies to compensation and certain interest receipts.
TaxTMI 
TaxTMI 
