A bipartisan group of senators reached a deal Wednesday on legislation to ban stock trading by members of Congress, setting the bill up for action in the Senate later this month.
A bipartisan group of senators reached a deal Wednesday on legislation to ban stock trading by members of Congress, setting the bill up for action in the Senate later this month.
Most taxes on asset sale is based on profit, subtracting the bought price from the sold price. Given the wording the tax would be on the sale price, not the profit.