FOX Translator
No data currently available.
No data currently available.
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.
Home / Markets / Industries / Retail
Friday, July 11, 2008
OfficeMax Names Deborah O'Connor Chief Accounting Officer
Comtex
NAPERVILLE, Ill., July 11, 2008 /PRNewswire via COMTEX/ ----OfficeMax Incorporated (NYSE: OMX) today announced that Deborah O'Connor will assume the role of senior vice president, finance and chief accounting officer, effective July 15, 2008.
O'Connor served most recently as senior vice president and controller of the ServiceMaster Company from 1999 to 2007. "We are very happy to have Deb on our management team," said Don Civgin, executive vice president and chief financial officer for OfficeMax. "Deb brings a strong background of accounting and finance experience that will benefit OfficeMax."
About OfficeMax(R) Incorporated
OfficeMax Incorporated is a leader in both business-to-business and retail office products distribution. The OfficeMax mission is simple: to help our customers do their best work. The company provides office supplies, print and document services through OfficeMax Impress(TM), technology products and solutions, and furniture to large, medium and small businesses and consumers. OfficeMax customers are served by approximately 35,000 associates through direct sales, catalogs, e-commerce and more than 900 stores. For more information, visit: http://www.officemax.com.
OfficeMax Media Contacts OfficeMax Investor Contact Bill Bonner Jennifer Rook John Jennings 630 864 6066 630 864 6057 630 864 6820
SOURCE OfficeMax Incorporated
http://www.officemax.com
Copyright (C) 2008 PR Newswire. All rights reserved ********************************************************************** As of Monday, 07-07-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 02-15-2008 for OMX @ $21.30. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
Market Snapshot
| Symbol | Last Price | Netchange | Volume |
|---|---|---|---|
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
