Broker Detective Blog

March 11, 2010

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If I sell a stock and pay the capital gain tax, am I still responsible for fica and state/local taxes?

Filed under: Uncategorized — admin @ 9:06 pm
S Smythe asked:


I’m looking to use the gains from my stocks as my sole income source to minimize my taxes. Also, I already know about the difference between long-term and short-term capital gains tax.

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What happens if a company’s stock goes to zero and I have it short gainst the box?

Filed under: Investing — admin @ 6:06 am
I Like it.. asked:


I sold my company about 10 years ago. In my deal I had the option of going short against the box (before they made it illegal, so i was grandfathered in). The stock has gone down and it looks like it might hit zero. What happens if it hits zero? and what exactly is short against the box and how is it beneficial to me?

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