Originally Posted by kaldaniels
I'm gonna dive in here possibly over my head, but I believe it would simply be 15% of your profit, which is $627. Correct me if I'm wrong, but everyone pays 15 percent on long term capital gains (in your example you would have had to own the stock for over 1 year), no?
As long as everything is long term I think its just 15%. If you have any dogs you may be able to off set some capital gains with losses.
As for Facebook I may davel in it. Its the hottest IPO in recent history and I have a feeling its going up for a while. Its one of those things that I can buy at a discount brokerage where you can get in and out fairly quick. If I do anything it will be a pure trade instead of an investment.