What Taxes Are Paid When Buying Stocks?

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When buying stocks, the government requires investors to pay a variety of taxes, often called excised taxes or service charges. Consider that taxes may affect projected commissions with information from a financial adviser in this free video on investing and money management.

Part of the Video Series: Investments & Money Management Tips
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Video Transcript

Have you gone and bought a stock and found out that you are paying a lot more then commission. Hi this is Roger Groh with Groh Asset Management. Well stocks are just another place for governments to grab part of your hard earned money. What are those taxes disguised as? Well sometimes they're excised taxes and sometimes they're service charges and sometimes it's a local charge and there's really no other name for it other then local charge. They can call it whatever they want. It's the government grabbing part of your hard earned money. Complain when you see it. Especially since the brokerage firms usually have no control over it. And will not add that on to the projected trading cost of whatever it is that you are buying and selling. So your total expense to buy and sell could be substantially different from what you had projected just based upon commission. One other note, you better believe that they are going up. I'm Roger Groh with Groh Asset thank you very much for spending time with me.


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