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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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Friday, June 06, 2008
WD-40 Company Partners with PowerBlock TV
Comtex
SAN DIEGO, Jun 06, 2008 (BUSINESS WIRE) ----WD-40 Company and PowerBlock TV are teaming up to build a heavy-duty work truck and offer automotive enthusiasts a chance to win a $5,000 toolbox from Matco Tools.
This weekend the hosts of "Xtreme 4X4," part of the PowerBlock on Spike TV, will turn a 2008 GMC Sierra into the WD-40 Ultimate Work Truck by giving it new bumpers, a lift kit, power enhancers and big rig tires. The heavy-duty truck recently helped hosts of the show, WD-40 Company and Rebuilding Together rebuild a home in Nashville, Tenn., and will be auctioned off for charity later this year, with the proceeds benefiting Rebuilding Together's veteran housing program.
The partners have also developed The Last Straw, a contest site and interactive online community at wd40.powerblocktv.com, where WD-40 fans can submit videos and photos of their favorite uses for the product for a chance to win weekly giveaways and a grand prize $5,000 Matco toolbox.
About WD-40 Company
WD-40 Company, with headquarters in San Diego, is a global consumer products company dedicated to building brand equities that are first or second choice in their respective categories. The company will leverage and build the brand fortress of WD-40 Company by developing and acquiring brands that deliver a unique high value to end users and that can be distributed across multiple trade channels in one or more areas of the world. WD-40 Company produces multi-purpose lubricants, WD-40(R) and 3-IN-ONE(R), the Lava(R) and Solvol(R) brands of heavy-duty hand cleaners, and household products 2000 Flushes(R), X-14(R), Carpet Fresh(R), Spot Shot(R) and 1001(R). WD-40 Company markets its products in more than 160 countries worldwide and recorded sales of $307.8 million in 2007. Additional information about WD-40 Company can be obtained online at www.wd40.com.
About PowerBlock / RTM Productions
Established in 1989 by Executive Producers Patty and Joe St. Lawrence, RTM Productions is a full-service television production company specializing in automotive, outdoor, and entertainment programming. RTM and it s staff have received production and broadcast industry awards including thirteen Emmy awards, The Gabriel Award, PM National Award, UPI Award, Telly Award, ITVA Silver Reel Award, John F. Kennedy Award, Unity Award, National Press Photographer Award, National headliner Award, OWW Excellence in Craft Award, and Communicator Award. To Contact RTM Production call either 615-373-8838 or Email:info@powerblocktv.com.
SOURCE: WD-40 Company
Nuffer, Smith, Tucker Bryan Spevak, 619-296-0605 bs@nstpr.com
Copyright Business Wire 2008
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