Barry buys 100 shares of MSFT stock on April 1, 2008, for $50,000. On June 1,...

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Barry buys 100 shares of MSFT stock on April 1, 2008, for $50,000. On June 1, 2009, he sells all 100 shares for $70,000. Barry earns $150,000 per year. At what rate, if any, is this gain taxed? Briefly explain. Barry buys 100 shares of MSFT stock on April 1, 2008, for $50,000. On June 1, 2009, he sells all 100 shares for $70,000. Barry earns $150,000 per year. At what rate, if any, is this gain taxed? Briefly explain.

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In the United States capital gains are taxed at different rates depending on how long the asset in t... View the full answer