do you pay taxes on stock revenues ? - GoFuckYourself.com

p3rsian · 12-06-2004, 03:22 PM

if you do is it just like income tax?
less ? more ?

BoNgHiTtA · 12-06-2004, 03:24 PM

I assume you mean capital gains tax. You pay depending on how long you held the stock and your tax bracket I beleive.

The Heron · 12-06-2004, 03:24 PM

Uh, should probably ask an accountant since 99% of gfy can't afford to buy stocks!

detoxed · 12-06-2004, 03:38 PM

Well you'd better

sean416 · 12-06-2004, 03:40 PM

Quote:

Originally posted by p3rsian
if you do is it just like income tax?
less ? more ?

weren't you just busted for taking credit of other designers work? People have no shame these days, they get caught scamming and business as usual.

arg · 12-07-2004, 01:25 AM

In the US, short term capital gains are taxed as ordinary income (i.e. up to 35%, depending on your tax bracked, just like your salary would be taxed). As of 2003, long term capital gains are taxed at 15%, and most dividends are taxed at 15% (there are several factors with dividends). Capital gains are the profit you make when you sell a stock, short term gains are when you sell stocks within a year of purchasing them, and long term gains are for stocks you sell after more than a year of holding them.

woj · 12-07-2004, 03:03 AM

5-15% percent for long term gains
(depending on your tax bracket)

short term gains are taxed at your normal tax rate

12-06-2004, 03:22 PM	#1
p3rsian Confirmed User Join Date: Sep 2003 Posts: 1,050	do you pay taxes on stock revenues ? if you do is it just like income tax? less ? more ? __________________ boro en harfa chei

12-06-2004, 03:24 PM	#2
BoNgHiTtA Confirmed User Join Date: May 2003 Location: Seattle Posts: 2,176	I assume you mean capital gains tax. You pay depending on how long you held the stock and your tax bracket I beleive. __________________ Wanna see how Adult Site Traffic Scammed me? Click Here:

12-07-2004, 03:03 AM	#7
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	5-15% percent for long term gains (depending on your tax bracket) short term gains are taxed at your normal tax rate __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

12-06-2004, 03:24 PM	#3
The Heron Confirmed User Industry Role: Join Date: Apr 2001 Location: Michigan Posts: 4,488	Uh, should probably ask an accountant since 99% of gfy can't afford to buy stocks!

12-06-2004, 03:38 PM	#4
detoxed vip member Join Date: Jan 2003 Posts: 17,798	Well you'd better

12-07-2004, 01:25 AM	#6
arg Confirmed User Join Date: Feb 2003 Posts: 1,164	In the US, short term capital gains are taxed as ordinary income (i.e. up to 35%, depending on your tax bracked, just like your salary would be taxed). As of 2003, long term capital gains are taxed at 15%, and most dividends are taxed at 15% (there are several factors with dividends). Capital gains are the profit you make when you sell a stock, short term gains are when you sell stocks within a year of purchasing them, and long term gains are for stocks you sell after more than a year of holding them.