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Canadian investors are be subject to 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 those invoved with the 10% and 15% income tax brackets in 2008, 2009, and kontol last year. Other will pay will be taxed at the taxpayer’s ordinary income tax rate. It is generally 20%. If your salary is below $16,750 then you really need to pay around 10% of greenbacks tax.
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