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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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Thursday, July 31, 2008
Toys"R"Us, Inc. Applauds Passage of Consumer Product Safety Improvement Act
Comtex
WAYNE, N.J., July 31, 2008 /PRNewswire-USNewswire via COMTEX/ ----Toys"R"Us, Inc. today applauded the passage of the Consumer Product Safety Improvement Act of 2008, H.R.4040, and congratulated members of the U.S. Congress for their commitment to enacting crucial product safety legislation. As the largest specialty toy and baby products retailer in the United States, Toys"R"Us, Inc. believes this legislation will aid it and others as they continue working to ensure the highest of product quality assurance standards.
Jerry Storch, Chairman and CEO, Toys"R"Us, Inc., said, "We thank Congress for working so diligently to pass this landmark legislation. Toys"R"Us, Inc. is proud to have lent its support to this bill. We look forward to remaining an active contributor, together with legislators, manufacturers, regulators and consumer groups, in our shared mission to protect our nation's children."
When it became apparent last year that more needed to be done to improve product safety, and as lawmakers worked actively toward finalizing this much-needed legislation, Toys"R"Us, Inc. moved quickly and decisively to enhance its own industry-leading rigorous quality assurance standards. The company has continued to implement additional tough safety standards for products sold in its stores. This has included additional requirements for increased third-party product testing, date-coding on all products, and stringent guidelines for lead content in surface coatings and substrate materials. Among other changes, the company alerted manufacturers that by the end of 2008, juvenile products sold in its stores must be produced without the addition of phthalates, which have raised concerns about infant safety.
The company also introduced new safety boards in its stores and launched a dedicated Safety website, to ensure parents have the most up-to-date information on product safety issues. Among the features at www.Toysrus.com/Safety is an e-mail notification system for product recalls, bilingual recall notices, safety tips and more. Most recently, the company announced a partnership with Safe Kids Worldwide to help educate parents about childhood accident prevention.
Mr. Storch added, "There is nothing more important than the safety of children. The crucial legislation passed today represents a giant step forward for product safety standards in our country, but we know that safety requires constant vigilance. As a company, we are committed to providing continued leadership on this important issue and to doing all we can to ensure the safety of all children."
About Toys"R"Us, Inc.
Toys"R"Us, Inc. is the world's leading dedicated toy and baby products retailer. Currently it sells merchandise through more than 1,500 stores, including 584 Toys"R"Us stores and 262 Babies"R"Us stores in the U.S., 690 international stores in 33 countries, which includes licensed and franchise stores, and through its Internet site at www.Toysrus.com.
SOURCE Toys"R"Us, Inc.
http://www.toysrus.com
Copyright (C) 2008 PR Newswire. All rights reserved
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