- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Additional % on Short Term Gains?
Posted on 5/23/13 at 10:47 am
Posted on 5/23/13 at 10:47 am
What is the additional tax % if you sell a stock within 1yr of acquisition?
Is it the same as withdrawing a 401k, 10%?
TIA
Is it the same as withdrawing a 401k, 10%?
TIA
2
Posted on 5/23/13 at 10:48 am to Lsut81
short term gain taxed at your tax bracket
Posted on 5/23/13 at 10:55 am to roguetiger15
quote:
short term gain taxed at your tax bracket
I'm a novice
Is it your bracket before or after deductions? And then essentially, its just double
Example:
Tax Bracket 20%
So gains would be taxed at 20% and then an additional 20% because of short term?
I know I know, dumb questions. Just trying to learn.
Posted on 5/23/13 at 10:56 am to Lsut81
quote:
So gains would be taxed at 20% and then an additional 20% because of short term?
No, just once at your effective tax rate.
Posted on 5/23/13 at 11:00 am to Janky
quote:
No, just once at your effective tax rate.
Ok, so whats the big deal about short term gains if they are just taxed at the regular rate?
Posted on 5/23/13 at 11:02 am to Janky
quote:
Janky
You still bullish on CVRR, CVI, UAN?
/hijack
Posted on 5/23/13 at 11:02 am to Lsut81
quote:
Ok, so whats the big deal about short term gains if they are just taxed at the regular rate?
If you are in a lower bracket there is no big deal. If you are in a 30% bracket then you are paying twice (or close to it) as much as long term gains.
Posted on 5/23/13 at 11:05 am to Lsut81
quote:
Ok, so whats the big deal about short term gains if they are just taxed at the regular rate?
Because long term capital gains is either tax free if you are below the 25% tax bracket or 15% if you are at/above 25%
So it's at least a 10% tax difference.
Posted on 5/23/13 at 11:06 am to OnTheBrink
quote:
You still bullish on CVRR, CVI, UAN?
I am. I have not sold any and added to CVRR when CVI sold shares. Now that they have done the same with UAN, I am about to buy more of that too. It was not share dilution like some people think. I am trying to find out why CVI sold the shares. I don't own CVI, only UAN and CVRR.
Posted on 5/23/13 at 11:09 am to Janky
quote:
Janky
Same here. Although yesterday was rough on me! I only own UAN, and should have jumped on CVRR when it went below 30.
quote:
I am trying to find out why CVI sold the shares. I don't own CVI, only UAN and CVRR.
I am hoping to increase the float allowing more HF's and tutes to buy in.
Here is a link, which I am sure you have already seen... LINK
Posted on 5/23/13 at 11:24 am to Janky
quote:
If you are in a lower bracket there is no big deal. If you are in a 30% bracket then you are paying twice (or close to it) as much as long term gains.
Thanks for the info guys
ETA: One more question... So is it your pre-duduction rates or after deductions (Effective?)
This post was edited on 5/23/13 at 11:25 am
Posted on 5/23/13 at 11:24 am to Lsut81
quote:
Lsut81
This is all assuming that you are selling out of a general brokerage account?
Posted on 5/23/13 at 11:28 am to Cmlsu5618
quote:
This is all assuming that you are selling out of a general brokerage account?
Scottrade
Posted on 5/23/13 at 11:30 am to Lsut81
Plus additional 3.8 percent healthcare tax.
Posted on 5/23/13 at 11:33 am to Lsut81
quote:
So is it your pre-duduction rates or after deductions (Effective?)
I am pretty sure it is your effective tax rate. And yes, we are assuming you are not talking about an IRA.
Posted on 5/23/13 at 11:45 am to Janky
quote:
And yes, we are assuming you are not talking about an IRA.
No, I'm just talking about stocks that I have purchased within the last year through my scottrade account.
Just trying to get an idea for how much in taxes I would be paying on those gains if I sold while some are at all time highs.
Posted on 5/23/13 at 11:48 am to Lsut81
quote:
Scottrade
When I asked this, I meant this is in a taxable brokerage account, correct?
This is not an IRA, right?
ETA:
In this case, given it is a taxable brokerage acct, the poster above who mentioned your current tax bracket situation is the deciding factor. Those in a much higher tax bracket raise concerns about short term gains because they could pay significantly less in taxes if they hold on for that 12th month.
This post was edited on 5/23/13 at 11:52 am
Posted on 5/23/13 at 3:37 pm to roguetiger15
quote:Nope.
short term gain taxed at your tax bracket
It's worse than that.
(at least in some cases)
$250,000 for married filing joint filers; and
$200,000 for single and head of household filers . . .
Are gross income thresholds targeted for an additional 3.8% ObamaMedicare tax on "unearned" income.
So Federal Tax for Short Term Cap Gains escalates up to 43.4% in the top bracket. (39.6% +3.8%). If you're under $200K, I believe STCG Rate = Income Tax Rate.
This post was edited on 5/23/13 at 4:12 pm
Posted on 5/23/13 at 4:10 pm to NC_Tigah
So I guess u didn't see my other post stating the 3.8 percent additional tax
Posted on 5/23/13 at 4:17 pm to roguetiger15
quote:Nope, missed it.
So I guess u didn't see my other post stating the 3.8 percent additional tax
Actually, I thought the 3.8% applied to a wider income group than it apparently does though. Pisses me off to pay more for STCGs than income. Just ridiculous. But at least fewer folks are getting hosed than I thought.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News