How does the profit of a stock sale get taxed?

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How does the profit of a stock sale get taxed?

2007-12-12 01:42:36 · 2 answers · asked by J. 1 in Business & Finance ➔ Investing

2 answers

The profit is a capital gain. You can read all about U.S.capital gain taxes at

http://www.fairmark.com/capgain/

The tax is not normally withheld a the time of the sale, so if the gain is substantial you may need to file an estimated tax payment.

2007-12-12 03:04:56 · answer #1 · answered by zman492 7 · 0⤊ 0⤋

USA ? UK ?

UK = CGT Capital Gains Tax at a very reasonable 40%" - (Gordon Brown)

2007-12-12 01:50:52 · answer #2 · answered by RED-CHROME 6 · 0⤊ 0⤋