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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, August 15, 2008
Summit Entertainment Moves Up Release Date for TWILIGHT to November 21, 2008
Comtex
LOS ANGELES, Aug 15, 2008 /PRNewswire via COMTEX/ ----TWILIGHT, the first film in Summit Entertainment's thriller romance franchise, has moved up its North American release date to Friday, November 21, 2008. The film, which was previously planned to be released on December 12, 2008, is taking advantage of an opening in the upcoming fall release calendar. The new release date for TWILIGHT allows the studio to both bring the film to the written-series' enormous fan base sooner, and to present the film in more theatres prior to the holiday movie-going season where traditionally screen time for any popular film is limited.
"When Warner Bros. decided to move HARRY POTTER AND THE HALF-BLOOD PRINCE to the summer of 2009, we saw a unique opportunity to slot in our film which has been gaining tremendous awareness and momentum over the past several months," said Rob Friedman, Co-Chairman and CEO of Summit Entertainment. "We by no means are trying to fill the shoes of the incredible POTTER franchise for 2008, rather we are just looking to bring the fans of Stephenie Meyer's incredible book series the film as soon possible from a programming perspective."
Starring Robert Pattinson and Kristen Stewart in the thriller-romance based on Stephenie Meyer's publishing phenomenon, the film is directed by Catherine Hardwicke from a script by Melissa Rosenberg (STEP UP). Karen Rosenfelt (DEVIL WEARS PRADA), Greg Mooradian and Wyck Godfrey will produce along with Mark Morgan via his Maverick Films banner.
TWILIGHT tells the story of 17-year-old Bella Swan (Stewart) who moves to the small town of Forks, Washington to live with her father, and becomes drawn to Edward Cullen (Pattinson), a pale, mysterious classmate who seems determined to push her away. But neither can deny the attraction that pulls them together ... even when Edward confides that he and his family are vampires. Their unorthodox romance puts her in physical danger when Edward's nemesis comes to town and sets his sights on Bella.
About Summit Entertainment LLC
Summit Entertainment is a worldwide theatrical motion picture development, financing, production and distribution studio. The studio handles all aspects of marketing and distribution for both its own internally developed motion pictures as well as acquired pictures. Summit Entertainment, LLC also represents international sales for both its own slate and third party product. Summit Entertainment, LLC plans to release 10 to 12 films annually.
SOURCE Summit Entertainment LLC
Copyright (C) 2008 PR Newswire. All rights reserved
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