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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
Table Mountain Casino Celebrates First Massive Cash Jackpot Winner!
Comtex
FRIANT, Calif., Aug 15, 2008 /PRNewswire via COMTEX/ ----Just days after announcing that the new MEGA MOUNTAIN JACKPOTS have arrived at Table Mountain Casino, the very first Massive Cash Jackpot winner randomly won $43,121.87! Ramiro of Fresno was the lucky Club Member who won the cash reward of $43,121.87 today on a nickel slot machine.
A long time dedicated Table Mountain Casino Club member, Ramiro was both surprised and excited to discover he had won the Massive Cash jackpot. He emphasized, "I used to drive from San Jose just to play at Table Mountain Casino, and then I moved to the area a few years ago. TMC is the best casino around!"
MEGA MOUNTAIN JACKPOTS are available on all of Table Mountain's 2000 slot machines. As Ramiro just demonstrated, Club members who have their cards inserted, can truly WIN BIG and WIN FAST every hour of every day with these new Massive Cash and Rapid Bonus Jackpots.
Table Mountain Casino is the only valley casino to feature these jackpots that are guaranteed to have a cash payout of between $20,000 and $50,000 in addition to the regular winnings. Ramiro's winning jackpot of $43,121.87 far surpassed the minimum payout of $20,000 by nearly reaching the $50,000 maximum payout.
Table Mountain Casino President and CEO John Mayewski congratulated lucky Club Member Ramiro, "This first Massive Cash Jackpot is especially exciting! On behalf of all us here at Table Mountain Casino, I want to extend my sincere congratulations to Ramiro on winning this Massive Cash Jackpot of $43,121.87 and remind everyone that the MEGA MOUNTAIN JACKPOTS really provide another great reward for our Club members."
Available on every denomination slot, video reel and video poker machine, MEGA MOUNTAIN JACKPOTS offer players two more opportunities to Win Big and Win Fast with both the Massive Cash and Rapid Bonus Jackpots. The Massive Cash and Rapid Bonus can pay out at any time on any of the 2,000 slot machines, and best of all, these random jackpots are in addition to the regular winnings!
The Massive Cash Jackpots have a minimum cash payout of $20,000 and MUST hit by the time the meter reaches the amount of $50,000. Remember, this payout is in addition to all other winnings; guaranteeing an additional win for random lucky Club members.
The Rapid Bonus Jackpot will give players on all denomination slot, video reel and video poker machines up to $50 in Free Bonus Play several times an hour, several times a day, every single day! Those winnings add up fast! Rapid Bonus is also in addition to all other winnings.
There is no minimum bet required to win a MEGA MOUNTAIN JACKPOT. Membership in The Club is free. For information on The Club membership benefits, go to http://www.tmcasino.com.
For more information, contact: John Mayewski, President & CEO or Dan Casas, Legal Counsel at (559) 822-7777.
About Table Mountain:
Table Mountain Casino is owned and operated by the Table Mountain Rancheria Band of Indians who actively support many community-based agencies and non-profit organizations serving residents of the Greater Fresno area and the regional San Joaquin Valley community.
To learn more about Table Mountain Casino, its community service programs and current promotions, please visit tmcasino.com.
* Must be a member of The Club and have your Club card properly inserted in the machine in order to be eligible to win MEGA MOUNTAIN Jackpots. Membership in The Club is free. MEGA MOUNTAIN winnings are completely independent of any other jackpots. See additional Rules for further information.
Contact: John Mayewski, President & CEO
Dan Casas, Legal Counsel (559) 822-7777
SOURCE Table Mountain Casino
http://www.tmcasino.com
Copyright (C) 2008 PR Newswire. All rights reserved
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