These gains don't cause pain. A capital gain is the amount of money you pocket by selling one of your investments for more than you paid for it. Technically, capital gains only count for what's called a capital asset, but that's really just anything you own for investment purposes. Stocks and bonds obviously qualify, but your house and household furnishings can also count.

For tax purposes, capital gains are classified as either long-term (held for more than one year) or short-term (held for less than one year) and there are different tax implications for how long you hold onto a capital asset. For most long-term capital gains, you're taxed no more than 15% of the value of the asset. Short-term gains get taxed as regular income, so you pay the rate for the tax bracket you're in.

Capital gains can also be realized or unrealized. When you physically sell an asset like a stock, you've realized the capital gain. When you're holding the stock, and it has a value over its purchase price, but you're not selling it, you've got an unrealized gain, and you won't realize it until you sell.

In a perfect world, we'd all have capital gains. But no one¿s that smart or lucky. When the value of an asset at sale is below what you've paid for it, it's called a capital loss. The good news is that the government lets you count that loss against any gains you've had, lowering the taxes you pay. In fact, many people who sell a stock that has risen far over their purchase price tend to sell some stinkers, too, at the same time for the tax benefit. This is known as a capital-loss offset.

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Thursday, July 10, 2008

International Coal Group Announces Second-Quarter 2008 Earnings Release and Conference Call

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Comtex

SCOTT DEPOT, W.Va., July 10, 2008 /PRNewswire-FirstCall via COMTEX/ ----International Coal Group, Inc. (NYSE: ICO) will release its second-quarter results for 2008 after the market closes on Wednesday, July 23, 2008. The Company will hold its quarterly conference call and Internet webcast on Thursday, July 24, 2008 at 11:00 a.m. Eastern Time.

The audio can be accessed by going to the Company's Web site at www.intlcoal.com . Listeners should go to the Web site at least fifteen minutes before this event to register, download, and install any necessary audio software. There is no charge for access to this event. For those unable to attend the live broadcast, the call will be archived on the Company's Web site.

ICG is a leading producer of coal in Northern and Central Appalachia and the Illinois Basin. The Company has 13 active mining complexes, of which 12 are located in Northern and Central Appalachia, and one in Central Illinois. ICG's mining operations and reserves are strategically located to serve utility, metallurgical and industrial customers throughout the eastern United States.

 For more information Contact: Ira Gamm Vice President -- Investor and Public Relations
   (304) 760-2619

SOURCE International Coal Group, Inc.

http://www.intlcoal.com

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