If i have some stock and sell it within 90 days what is the tax percent i will have to pay?
2007-06-15 00:35:45 · 2 answers · asked by ford man 1 in Business & Finance ➔ Investing
The short term capital gain tax can vary, but it will only be on your gains.
If you hold the stock for 1 year or more, the long term capital gains tax is about 1/2 as much.
Bush reduced the tax on dividends, so if you find a stock that is going to pay a dividend, you might actually have no tax on the dividend, and since the stock price always goes down when it pays a dividend, you might actually have a "capital loss", which is a tax deduction, and not pay any, or hardly any tax on the dividend.
2007-06-15 01:00:11 · answer #1 · answered by Feeling Mutual 7 · 0⤊ 0⤋
What ever your tax "earnings" rate is. Capital gains treatment (long term) starts after holding one year or more.
2007-06-15 00:52:28 · answer #2 · answered by Common Sense 7 · 0⤊ 0⤋