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TattooedTraderFry

02/03/17 8:43 PM

#16756 RE: SauceBoss #16755

Thank you.on the part about the 15% you mean if I hold a stock (do not cash it out) I get taxed 15% of what it's worth?

Chgobroker

02/03/17 9:11 PM

#16761 RE: SauceBoss #16755

Long term capital gain tax rates for stocks are 0, 15, or 20% depending on your ordinary income tax rate. Just Google capital gains tax in United States and look at the Wikipedia article.

skypilottvm

02/03/17 10:18 PM

#16762 RE: SauceBoss #16755

If you hold a stock for over one year and your total adjusted income is less than $75,000 your tax is 0
It may pay you to hold a stock for over one year.