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+--- Thread: How Stock market income is taxed? (/thread-50857.html)
How Stock market income is taxed? - icpooreman - 12-13-2012 10:36 PM
does income made in the stock market get taxed the same as the income I make at work? I know about the long term capital gains stuff but what else.
Does it matter what tax bracket I'm in as to how much it gets taxed? Do I have to pay state tax, social security etc??
Say I Make 100 dollars in the stock market and I was in a 25% tax bracket and took out the hundred I made before a year what would I be left with?
- Gerald - 12-13-2012 10:44 PM
Profits are called Capital Gains Tax..... Seperate form to fill out to submit with the 1040... No Social Security as it is not wages.....There is Long Term and Short Term Gains tax and each is a different rate... 25% bracket has no bearing on capital gains...
I like making $500 in one day and sell to find the next money maker...
- Block B - 12-13-2012 10:44 PM
Hi,
It's been taxed as usual in most of the countries. You can visit http://stocksguide.checkouttoday.info for some useful tips and info related to your query. Good luck!