How much does one pay in taxes (%) on profits from selling stock?

Question

How much does one pay in taxes (%) on profits from selling stock?

Answer 1

It's called capital gains. I think that it's 25%, but you should check with your accountant. It's likely that there are a lot of laws and regulations.

Answer 2

Currently, short term gains taxed at your normal tax rate (unlikely to be 35% for someone asking this question, unless you have other income putting you in max tax bracket).

Long term gains (stocks held over a year, or "qualified" dividends) are typically taxed at 15%, but may be taxed at 5% if your marginal tax bracket is 15% or lower.

See Schedule D and its instructions.  If you fail to do that properly and account for your cost basis, the IRS may think you owe much more than you do (and/or that a loss was a gain).

There is fear that congress and the next president could change that.

That is not counting state taxes which can vary.

Answer 3

As with most tax questions, this can be complicated.  It can depend upon whether it is short-term or long-term gain, specially-qualified small-company stock, your income bracket, whether you are subject to AMT, etc.

Schedule D will give you the answer.

That's for Federal taxes.  Each state has their own rules as well.

Answer 4

Short term gains are taxed at 35% (any stock you held less then a year)

Long term gains are taxed at 15% (longer than a year)

Answer 5

be more clearer

Answer 6

It depends if you hold it less than a year or more than a year.