Thread: Money Investing megathread extravaganza
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Old 01-29-2018, 05:08 PM   #1663
Buehler445 Buehler445 is offline
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Join Date: Apr 2007
Location: Scott City KS
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Quote:
Originally Posted by lewdog View Post
Also Hog Farmer. I bought my shares of X on May 3rd, 2017. If I sell before this date, I pay 25% tax. If I sell after this date, it's 15%. Correct? Would that change your selling strategy?
Wrong-o.


Short term capital gains are taxed as ordinary income. Long Term Capital Gains have their own brackets based on the brackets your Taxable income falls under. It's stupid, yes, but most likely it is whatever your ordinary tax rate is vs probably 15%.

https://www.fool.com/taxes/2017/12/1...s-in-2018.aspx
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