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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, July 04, 2008
USAID Administrator Officiates at Vietnam Mission Opening
Comtex
WASHINGTON, July 4, 2008 /PRNewswire-USNewswire via COMTEX/ ----As part of her official visit to Vietnam, U.S. Agency for International Development Administrator Henrietta Fore presided at a ceremonial opening of the agency's new mission in Hanoi.
Since the mission has been operating for the past few months, the ribbon cutting really recognized the growing importance of U.S.-Vietnam diplomatic and economic relations by USAID's commitment to a locally run mission. Before that, the mission was a regional office, managed by USAID's bureau in Thailand.
Health care, education and the environment were among the issues the administrator and prime minister discussed with Vietnamese officials. Fore also met with more than a dozen women holding prominent positions in business, health, education and law to gain their insights on how well women are advancing under Vietnam's growing prosperity. The administrator also visited USAID-supported HIV/AIDS and methadone clinics.
Vietnam's effort to rapidly move toward a market-driven economy has decreased poverty more than 30 percent among that nation's 84 million people.
Still, problems persist.
Needle-using drug abusers are keeping HIV/AIDS at epidemic levels and an alarming amount of human trafficking continues. USAID-sponsored business partnerships, however, have made strides in boosting Vietnam's economy. Microsoft, Intel and Qualcomm have brought wireless Internet connections to rural areas and schools while Masterfoods and the World Cocoa Foundation increased coca production and trade in the nation's Mekong Delta and Central highlands.
Nearly $100 million in assistance is slated for Vietnam this year, up from $59 million in 2007 and $37 million in 2006.
For more information about the USAID and its programs in Vietnam, please visit www.usaid.gov.
The American people, through the U.S. Agency for International Development, have provided economic and humanitarian assistance worldwide for nearly 50 years.
Public Information: 202-712-4810
SOURCE USAID
http://www.usaid.gov/
Copyright (C) 2008 PR Newswire. All rights reserved
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