Capital gains are income, and hence would be included in the calculation of your income, and subject to the same exclusions and the same tax as all other income. You paid X for something (regardless of when), sold it for Y, making Z profit? Add Z to your income, pay taxes on Z if you're above the cutoff margin.
And guaranteeing a minimum income is something different, entirely.
(no subject)
Date: 2007-05-22 08:15 pm (UTC)And guaranteeing a minimum income is something different, entirely.