Replies to post #16893 on Wanderport Corp (WDRP)

[water boy]

More like 20 percent next year per new tax code.

BTW, Beer is a seasoned trader. I think he wanted to check if you knew the capital gain tax rate would be changed next year.

http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States

[BeerIsGood]

No, not new to this. Many factors come into play besides holding WDRP for a year as you now pointed out. It's the overall income, not just securities income. I suspect the amount your trading is significantly less than what I am doing. Maybe the tax rate will change next year - 20% maybe??

If you sell your shares less then a year from purchase and you make such and such amount, the taxation on your gains is going to be much larger then if you were to sell less then a year. . . unless you are trading out of your IRA.

Are you new to this? You should be getting several FREE trades a month just for maintaining a certain balance.

Plus your spending a caboodle on trade commissions buying and selling.