How much can I expect to lose on a short term stock gain of $15,000 as far as taxes and everything else goes?

Question

Got stock options bought out in a merger, looking to find what I will lose for the short term gain and I can expect the check to actually be. Thanks!

Answer 1

short term gains are taxed at your marginal rate, but you also need to include into your figuring state tax on the capital gain as well, which varies from state to state. Massachusetts for example taxes short term capital gains at 12%. As far as the check goes, you will more than likely get a check for the proceeds of the sale, less any selling expenses. But make sure that you have set aside some of that money to pay the taxes on it.

Answer 2

Short term gains are taxed at your marginal rate. If your marginal rate is 25%, that will cost you $3,750 in taxes.

You'll get your check for the full amount. It will be up to you to pay in the money either as an estimated tax payment using Form 1040ES or when you file your return. If you wait for tax time to pay it, there may be penalties and interest for underpayment of estimated taxes. That will be waived if you have paid in at least 100% of your 2006 tax liability in 2007 via withholdings and estimated tax payments or 90% of your actual 2007 tax liability.

Answer 3

whatever the rate for capital gains is. (your adjust gross income bracket)