American Green Group, Inc. (AMNE)

[razzle]

Not to beat a dead horse about taxes, but:

I hear this common theme of "I sold my initial investment and am riding on FREE shares now"

OK, from what I remember reading tax codes on capital gains (stocks specifically), correct me if wrong:

If you purchase 100 shares of a stock at $1/share = $100.00 investment and then the PPS goes to $2.00/share. You sell 50 shares for $100.00 and let the remaining 50 shares "ride free". Well you actually are "taxed" on the 50 shares you sold based on some factor of "each share" bought/sold is taxed individually...or something like that....so you would have to fork out 35% of that $100.00 you thought you pulled out to reclaim as capital...you only have $65.00...right?

Thanks to all who reply...and those who won't

RAZ