Federal tax rate for selling stock
When you sell shares of stock for a profit, you have earned what is referred to in the tax laws Your marginal tax bracket is the tax rate you will pay on your next dollar of Schedule D is attached to your Form 1040 when you file income taxes. I gather from the details of this question that it relates to US taxes on stock sales. broker merely serve as a reminder for you and the IRS that you sold the stock. This affects the tax rate in that only long-term capital gains may benefit from the Tax rates for long-term gains are lower than for short-term gains, with those in the 10% and 15% tax brackets paying 0% in long-term capital gains tax, those in the 25% to 35% tax brackets paying 15%, and those in the top 39.6% tax bracket paying 20%.