Short Term Gains Tax
March 21st, 2006
Question: Short Term Gains tax???? help?
ok if you earn under 250K a year what is the short term gain % tax for short term stock trades?? and what will it be if obama wins or if mccain wins??? and what is it now? thanks
Answer: How much under 250k? There are 4 tax brackets under 250k. 10%, 15%, 25%, and 28%. It is one of those 4 rates depending on the amount you make and your filing status.
I guess we will just have to wait and see what the rates might be. Don’t be surprised if in fact the rates, no matter who becomes president, go up. Someone is going to have to pay for the extravagances of the Bush administration. If history is any indication, it is not going to be those who reaped the most benefits, ie the Wall Street bankers.
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