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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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Monday, May 26, 2008
The World's First Verified Sustainable Ethanol Introduced
Comtex
GOTHENBURG, Sweden, May 26, 2008 /PRNewswire via COMTEX/ ----Swedish SEKAB today announced that it is the first company in the world to supply verified sustainable ethanol. This ethanol from Brazilian sugarcane is quality assured from environmental, climate and social perspectives.
"Consumers and other stakeholders need guarantees that the ethanol is verified sustainable," says Anders Fredriksson, EVP of SEKAB BioFuels & Chemicals.
SEKAB has together with progressive Brazilian producers developed criteria that cover the entire lifecycle of ethanol from the sugarcane fields to its use in flexi-fuel (FFV) cars.
The criteria are in line with demands highlighted in the ongoing processes being led by organisations like the UN, EU, ILO and a number of NGOs.
The requirements have zero tolerance for child labour, non-organised working conditions (slave labour) and the destruction of rain forests. There are also requirements concerning working conditions, labour laws and wages.
Harvesting is to be at least 30 per cent mechanised today and this will increase to 100 per cent by 2014.
In terms of the climate, the demands will result in a reduction of carbon dioxide emissions from farming, production and transport by at least 85 per cent compared with gasoline.
An independent international verification company will audit all production units twice a year to ensure the established criteria are met.
"This initiative is the first of its kind in the world and a major step for speeding up the replacement of gasoline and diesel," says Anders Fredriksson. "The criteria will gradually be developed over the coming years and synchronised with international regulations when these are in place."
SEKAB delivers about 90 per cent of all ethanol in Sweden for E85 and ED95 (ethanol for heavy vehicles).
"The first harvest of sugarcane for verified sustainable ethanol has just begun," explains Anders Fredriksson. "Over 100 000 Swedish owners of E85 cars can begin filling up with verified sustainable ethanol in August."
About SEKAB
SEKAB focuses on developing the market for bioethanol in northern Europe and the construction and operation of ethanol production facilities. SEKAB is also a world leader in development of technology and production processes for ethanol from cellulose, with a pilot plant in operation since 2004. Its main office and pilot plant are in �?�?rnsk�?��ldsvik, Sweden.
SOURCE SEKAB
Copyright (C) 2008 PR Newswire. All rights reserved
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