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Author: TacomaChuck Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121592  
Subject: Loss of Job Date: 12/11/2005 11:53 AM
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this is going to sound ignorant (imagine that) to many, but I really have no idea. If I were to lose my job and struggle to find another that met my financial needs, how would a sell-off of say $5000.00 of simple stock be taxed? Would this count as straight income for the year? How is capital gains tracked? I wouldn't think that I could be taxed twice on the original investment (post taxed wages used to buy stock), but I'm really not sure how it works.

Thanks,

T-Chuck
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