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Can anyone explain the tax rules governing the stock market? What are the differences in taxes for holding a stock one day, less than a year and more than a year.I've heard the tax rate varies from 15% to 48% depending on how long you hold the stock.
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Have we got a resource for you!
Check out our Tax info area, at:
http://www.fool.com/school/taxes/taxes.htm
Our crack tax expert Roy Lewis, TMF taxes, is there answering questions and posting articles on many tax topics vital to investors.
Selena