Dr. Friday 0:00
Good day. I’m Dr. Friday, President of Dr. Friday’s Tax and Financial firm. To get more info go to www.drfriday.com. This is a one-minute moment.
Dr. Friday 0:12
And in this moment, I want to tell you to try to hold your stock for at least one year. The reason I say this is because in there we have what’s called the capital gains tax rates. And guess what? Part of that is a 0% tax bracket. That’s right. So if you’re single, including the capital gains that you might have had, that would be $40,000 you can earn, joint $80,000, head of household $54,000. So if you actually add your income plus your capital gains and its long-term, you can pay zero tax. The other rates are 15%, 20%, plus 3.8%. So you may have up to 24% tax as well.
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