Stock Markets Exposed

If I use the stock market account to purchase something?

When I have stock traded in the stock market account. They all have a bank account number which to used for purchase. Is there a possibility that I will get income tax after purchasing using the stock market asset? Stock market from I been told will not tax me if I change before the dividend date and not withdraw. But if I were making a purchase on the stock market account, is that consider withdrawing? Will any of my asset be reported to the IRS? If I did or how will I know that it won't be reported when I am living on SSI which I can't make more than $800 a month. Any tax solutions? PayPal will not report to the IRS (see FAQs), if I make a purchase through PayPal which is a online bank system. Will I be income tax for that? Best solution for me as a disabled person who want to support myself where I don't need social security.

Public Comments

1. No taxes when you buy a stock...taxes whenyou sell..............if for more than you paid,,,,,,,,you owe for less then you paid.a loss .no tax....... buy a book on investing..it is worth it..............
2. you do not have to worry about the tax man unless you make money when you sale the stock -- so it is important that you keep records of when bought amount paid -- date sold amount sold for!!!