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Tax complying. While avoiding tax payments is illegal, lowering taxable income is never. Stay in compliance by reporting taxable income and deductions that are usually legally qualified to apply for claim. Also, be specific file promptly and send payments using the due go out.
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Canadian investors are foreclosures tax on 50% of capital gains received from investment and allowed to deduct 50% of capital losses. In U.S. the tax rate on eligible dividends and long term capital gains is 0% for individuals in the 10% and 15% income tax brackets in 2008, 2009, and last year. Other will pay will be taxed at the taxpayer’s ordinary income tax rate. That generally 20%.
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