Replies to post #74290 on Viva Entertainment Group Inc (OTTV)

[JMMatthews]

Short term gains are taxed at the same rate as your ordinary income. For 2016, ordinary tax rates range from 10% to 39.6%, depending on your total taxable income. Just depends what bracket you're in

That depends. Short term cap gains are 20% (selling a stock in less than 365 days). I'm gonna go out on a limb here and politely say you're in the 28% marginal tax bracket. So right there, you're at 48%...now add your state tax...you could be almost at 55%!!!

[ChillinZX]

Your accurate in that assumption at the end. I was just informed I am getting a 20% raise after Labor Day so I have to check and see if that bracket remains the same. I will always take the gains day to day, or week to week, instead of waiting over a year to see what I gained, if any. Compounding the profits is way better, besides the transaction fees and any losses are write-offs.