Dong Dengxin: What Do American Shareholders Envy Chinese Investors?

Recently, a friend who came back to visit his family in the near future, he opened stocks in the United States. He went abroad to study abroad, but he did not sell shares in China.

He said that stocks in the US should not only be able to bear loneliness, but also those who earn a lot of stocks should pay higher taxes.

He said that this made him somewhat envious of Chinese shareholders because of two reasons: first, compared with the Chinese short cattle and mad cows, the US slow cow cycle is longer and slower, and the shareholding should be patient enough; two, the United States also levies capital gains tax according to "family annual income" and "shareholding period", that is to say, households with high annual income or profiteering stocks (for example, cattle scattered) have to implement the highest or higher tax rates, and the "short fried" income with less than one year's shareholding is subject to a higher tax rate.

He said that Chinese stock investors only have 0.1% stamp duty on stocks, but they do not have to pay capital gains tax.

I told him that China's short cattle and mad cow are very stimulating, but they can only speculate and stir fry. They can not invest or invest for a long time. This makes Chinese investors miserable and unrespectable. When the short bull is over, the most urgent thing is to see a slow bear at the end of the day.

However, China's Niu San is the happiest in the world. Even if they earn more stocks (for example, they earn two hundred million in two months), they do not have to pay a penny of income tax.

If you want to pay a tax on stocks, what do you think is the capital gains tax in developed countries or in China?

In fact, most stock markets in the world levy capital gains tax and dividend tax.

As we all know, capital gains tax and dividend tax are a special form of income tax. Some countries collect the two tax categories and personal income tax collects (not listed separately), while some countries separate capital gains tax and dividend tax separately from personal income tax, but do not levy taxes.

Take Britain and the United States as an example, the capital gains tax and dividend tax in Britain do not have a shareholding period. The differential tax rate is only designed according to family or personal income, while the capital gains tax and dividend tax in the United States are added to the tax rate difference of the length of the holding period, and the differences between families and individuals' annual income are also taken into account.

The following is a brief introduction of the tax situation of American stocks.

Americans mainly pay two kinds of stocks.

The first is the capital gains tax on stocks, and the two is the dividend tax.

The former is the stock price difference, and the latter is the annual or quarterly dividend, which is held by the stock of the listed company.

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In the federal tax system of the United States, the ordinary individual income tax, capital gains tax and dividend tax rate are designed to exceed the progressive tax rate according to individual or family annual income.

That is to say, the higher the annual income of a person or family, the higher the tax rate of the three taxes mentioned above; conversely, the lower the personal or family income, the lower the tax rate of the three tax categories mentioned above.

In order to encourage value investment and

The US capital gains tax and dividend tax not only carry out different tax rates according to family income, but also design a different tax rate according to the length of investor's holding period.

Among them, the difference between the stock purchase and sale for a period of more than one year is called long-term capital gains and executable preferential tax rates (see table below). On the contrary, short term capital gains, which are less than one year's holding period, are subject to ordinary personal income tax rates (see table below).

Americans pay taxes, they can choose "personal" separate tax returns, or "family" joint tax returns. The first is the tax rate when individuals declare tax separately, and the two is the tax rate of married joint tax returns.

The annual gross income in the table includes not only all kinds of labor income, such as wages, bonuses, but also all kinds of non labor income, such as personal income and capital gains of business operators, including annual securities trading and net income, real estate purchase and sale differences, dividends, interest, rents and other income.