If I cash out some of my stock options..what percent tax will I pay on the gain?

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If I cash out some of my stock options..what percent tax will I pay on the gain?

I make about 85k per year.

2006-09-07 05:18:48 · 2 answers · asked by the man 1 in Business & Finance ➔ Personal Finance

2 answers

I cashed out some of my options last year and paid 25% Not sure if it varies.

2006-09-07 05:21:20 · answer #1 · answered by Anonymous · 0⤊ 0⤋

Depends how long you held them. They could be long term capital gain, maximum tax 15%. Or they could be ordinary income, taxed at your marginal rate up to 38%.

Add your state tax, if any.

2006-09-07 12:21:22 · answer #2 · answered by Anonymous · 1⤊ 0⤋