So If I made 1 million in the stock market, what taxes would be taken out?

[garyg7]

What do you mean by the "new nov 2010 tax laws"? Are you asking if we have crystal balls to predict what Congress will do in two months?

As long as you provide a valid Social Security Number to the brokerage, no taxes would be withheld from your income. The actual tax liability would depend on the mix of income between qualified dividends, non-qualified dividends, interest, short-term capital gains, long-term capital gains, etc.

Also, if you have that much in income, you will likely itemize your deductions including any state income taxes paid.

In other words, there is no short answer to your question. The matter isn't that simple.

I hope this helps.
Gary