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ypsiCPA

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Re: omegahpla post# 427

Tuesday, 12/29/2009 2:07:20 PM

Tuesday, December 29, 2009 2:07:20 PM

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capital gains are a component of adjusted gross income. Subtract deductions and exemptions to get taxable income. Tax is figured on that amount (lower rate for long-term capital gain income, and qualified dividends).
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