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Topic	can anyone explain to me how stocks work?
Tom_Joad 02/01/23 4:04:34 PM #20:	ROBANN_88 posted... oh, so if you buy at, let's say 219 and sell at 221, you'd likely end up being taxed more than whatever profit you'd get out of it? Yep. At least, that's how the tax laws work in the US. I tried out the stock market in the US for a year... and found out that I had to pay taxes on all the money gained from a stock sale (without being able to subtract the initial cost of the stock itself). After that, I stopped trading. --- "History shows again and again that nature points out the folly of man. Go go Godzilla!" Godzilla - Blue Oyster Cult <cite>Tom_Joad posted [p:971258760] in can anyone... [t:80331308]...</cite> <quote>ROBANN_88 posted... </cite><quote>oh, so if you buy at, let's say 219 and sell at 221, you'd likely end up being taxed more than whatever profit you'd get out of it?</quote>Yep. At least, that's how the tax laws work in the US. I tried out the stock market in the US for a year... and found out that I had to pay taxes on all the money gained from a stock sale (without being able to subtract the initial cost of the stock itself). After that, I stopped trading. --- "History shows again and again that nature points out the folly of man. Go go Godzilla!"Godzilla - Blue Oyster Cult</quote> ... Copied to Clipboard!
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