Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: indiaaditi Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121175  
Subject: Need SIIMPLE guidance to tax on stock profits Date: 2/21/2000 9:00 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
All the posts I have seen deal with problems way more complex than mine. Due to a career transition I have an entry level job. I made about three times my salary in securities (holding securities 2 weeks to a month). I left the money in my on-line accounts to keep trading with it. (I am looking to retire in about 7 years when I am 63). The tax hit was even harder than I expected.

1) Should I just put most of my salary into witholdings for next year?
2) What do other people do to handle the tax on investment earnings?
3) Is there anything I should be doing to decrease the tax bite?

Thanks!
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Post of the Day:
Value Hounds

Nu Skin Showing its Age?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement