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Post# of 203913
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aileninvader

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aileninvader

Re: Sunnyland post# 35726

Sunday, 01/15/2017 2:08:14 PM

Sunday, January 15, 2017 2:08:14 PM

Post# of 203913
Here's a quiz for someone who is a millionaire.....Something we all hope to be.

You purchased 100,000 shares at $1 on May 3, 2016. BOOM, stock goes up to $10 and you sell all shares for $1,000,000 on June 30, 2016. You have a $900,000 profit/capital gain. This is your only income.

Approximately how much income tax do you pay?
A. $356,000.00
B. $180,000.00
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