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after reading your Foolish articles on captial gains taxes- i have missed one basic point- i just want to make sure i understand...

if i sell stock on the internet through my broker- i will pay long term tax gains if i have held the stocks for over one year, correct?

and how this works- i am with schwab- is they just send me a statement of capital gains at the end of the year?

and long term gains taxes are much better than short because they are less? about 10%? or based on your tax bracket?

as always thanks for your help and patience with a newbie-
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