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-   -   do you pay taxes on stock revenues ? (https://gfy.com/showthread.php?t=398969)

p3rsian 12-06-2004 03:22 PM

do you pay taxes on stock revenues ?
 
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. :helpme

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


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