What is the tax rate for stocks that are sold ?
Answer:
Stocks when sold result in capital losses or capital gains. Short term capital gains are taxed at the same rate as ordinary income. Long term gains, that is stocks which are held for at least one year, are taxed at a maximum federal bracket of 15%. Some lower income individuals will not pay on the long term gains. Speak to a CPA in your area to find out how this applies to you.
