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Capital gains tax

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12y ago

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Ask us anythingA.Sales tax 5 percent charged on profits from selling stocks B.Excise tax 9 percent charged on all purchases of non-necessities C.Capital gains tax 1 tax charged on each gallon of ga?

A sales tax typically applies to the sale of goods and services, so a 5 percent sales tax on profits from selling stocks would be unusual, as profits from stock sales are generally subject to capital gains tax instead. Excise taxes are often levied on specific goods, like non-necessities, at a rate of 9 percent in your example. Capital gains tax, however, is usually based on the profit made from the sale of an asset, such as stocks or real estate, rather than a tax per gallon of gas. It’s essential to differentiate between these types of taxes, as they have different applications and rates.


How do you take profits from stocks?

To take profits from stocks, you can sell the stocks you own at a higher price than what you paid for them. This difference between the selling price and the purchase price is your profit.


How can one profit from stocks without selling them?

One can profit from stocks without selling them by receiving dividends, which are payments made by companies to their shareholders from their profits. Additionally, stocks can increase in value over time, allowing investors to benefit from capital appreciation without selling their shares.


What is the best strategy for selling stocks in order to purchase a house?

The best strategy for selling stocks to purchase a house is to carefully monitor the stock market and sell when the stocks are performing well to maximize profits. It is also important to consider the tax implications of selling stocks and consult with a financial advisor to make informed decisions.


How can one effectively take profits from stocks?

One can effectively take profits from stocks by selling shares when the stock price has increased significantly from the purchase price. This allows the investor to realize gains and secure profits. It is important to have a clear strategy in place and to monitor the market closely to make informed decisions about when to sell.


What is the best strategy for selling stocks to buy a house?

The best strategy for selling stocks to buy a house is to carefully plan and time the sale of your stocks to maximize your profits. Consider selling stocks when the market is performing well and when you have reached your desired financial goal for the house purchase. Additionally, consult with a financial advisor to ensure you are making informed decisions and to minimize any potential tax implications.


What does it mean when Karen wants to buy stock but is worried about the current bear market?

that many investors are selling their stocks in anticipation of lower profits


How can one effectively take profits in stocks?

One can effectively take profits in stocks by setting clear profit targets, regularly monitoring the stock's performance, and selling when the price reaches the desired level. It's important to have a strategy in place and to not let emotions dictate decisions.


Are profits earned from stocks taxed?

Profits from stocks & shares are classed as taxable income - and must be declared to the tax man.


Are earn profits from Stocks ever taxed?

Profits from stocks & shares are classed as taxable income - and must be declared to the tax man.


Where can one go to learn about buying and selling?

Buying and selling is a very broad topic that likely refers to buying and selling stocks. One can learn about buying and selling stocks from many sources including Investopedia and About - Stocks.


What is the proper word to describe money used to buy stocks that may provide substantial future profits profits?

Money used to buy stocks that may provide substantial future profits are called investments.