The specific requirements for licensing depend on the state where you live, so be sure to check state law's in the area where you plan to practice. In many cases, you will be required to complete a specific period of supervised residency work (often one to two years) after earning your graduate degree. Finally, you will then need to pass the required exams, which may include both oral and written components.
Capital Gains Tax. Any profit you enjoy from the sale of a stock held for at least a full year is taxed at the long-term capital gains rate, which is lower than the rate applied to your other taxable income. Itâs 15% if you are in a 25% or higher tax bracket and only 5% if you are in the 15% or lower tax bracket.
Remember though that sales of appreciated shares owned for one year or less are taxed at âordinary incomeâ rates, while stocks held for over a year are taxed at the long-term capital gains rate, which for most investors is lower than their income-tax rate.ne of the toughest calculations taxpayers have to make is figuring out how much they owe Uncle Sam for their investment income. Taxpayers generally have two options when calculating taxes owed after selling stock holdings, but thereâs more flexibility for those who take action before selling the shares.