Stock ?

[Petro-Sooner]

If you have stock, if and when you cash out are you taxed by the gov't a flat rate or is it based off your income at that time you do?

Serious question.

[MextheBulldog]

In short, the tax rate is based on a combination of your income, the amount of money you make on any profits and how long you held the stock.

If gain: Taxed as capital gain, either long or short term depending upon your holding period. If long term, you would receive the benefit of a maximum 20% capital gain rate. If short term, your tax rate would be your normal marginal tax rate.

http://www.fool.com/taxes/2001/taxes010921.htm

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

[Petro-Sooner]

Thank you.

[sooner_born_1960]

Thank you.
Yeah Mex. Way to suck the fun out of this place with a serious answer. ;)