If a stock is held and then sold, there is capital gains tax of 20%.Question: is there any state-related capital gains tax?I ask because if I sell a stock with less than one year, I pay 28% ordinary income and 7% North Carolina state tax for a gross rate of 28+7=35%. So is there really a 15% savings (35 vs 20%) by holding over a year (so also savings the 7% state tax)?Thank you.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<