vertical privity. 1  The legal relationship between links in a productâs distribution chain. 2  The privity between a person who signs a contract containing a restrictive clause and the person acquiring the property that is so restricted.
The taxation of life insurance proceeds or endowment policy proceeds payable during the insured`s lifetime is governed by Code 72, the same section that governs the taxation of the payments received under annuity contracts.here the proceeds of an endowment or surrendered policy are paid during life in a lump sum, any excess of such proceeds over the cost of the policy is taxable income [I.R.C. 72(e); Reg. 1.72-11(d)]. The gain is considered ordinary income and not capital gain.
Capital Gains Calculator. Capital gains rates are designed to encourage long-term investing. Most people can get a significant advantage from holding stock investments for more than one year: Tax BracketCapital Gain Tax Rate Short Term Long Term 10% 10% 0% 15% 15% 25% 25% 15% 28% 28% 33% 33% 35% 35% 39.6% 39.6% 20%.9.6%. 20%. Short term gains on stock investments are taxed at your regular tax rate; long term gains are taxed at 15% for most tax brackets, and zero for the lowest two.