<![CDATA[Is it correct to say that you are only taxed on the final amount of profit you make on a given stock no matter how many]]>Archived from the IMDb Discussion Forums — Economics, Business, Money, Finance

Conundrum-NSA — 17 years ago(December 08, 2008 01:04 PM)

Is it correct to say that you are only taxed on the final amount of profit you make on a given stock no matter how many times you buy or sell it during a tax year?
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So do the trading floors at investment banks have huge tax bills every year? Or do they just add up all the profit they made off the stock market during a tax year and pay tax off of that?
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