Marc Viechec provides counsel to investors through his work as an independent stockbroker. Marc Viechec is capable of working independently because of the reputation that he was able to develop during the earlier portion of his career. Marc Viechec was highly recruited coming out of college, and he was able to secure an upwardly mobile position on Wall Street after he graduated. During that stint, Marc Viechec gained a thorough understanding of capital gains taxes.
If you sell an appreciated asset, like shares of stock, you are realizing a capital gain, and the capital gains tax is applicable. There are short-term gains, and long-term gains. A short-term gain is taxed at your regular income rate. Since the government likes to encourage long-term investing, the capital gains rate on a long-term gain is lower. The exact percentage depends upon your income level. Most people pay 15 percent on long-term capital gains, and the maximum capital gains rate is 20 percent. Marc Viechec also explains the Medicare surtax to his clients. This tax can be applied on investment income, like capital gains. At the present time, the rate is 3.8 percent, and it is a factor for single filers who claim $200,000 or more in earnings.
Investing in the stock market can be lucrative, but you do have to be concerned about potential capital gains taxes when you are in possession of appreciated assets. If you are looking for advice with regard to taxation on investment income, you would do well to speak with an experienced stockbroker like Marc Viechec.
