normally how much do forex traders pay in taxes?
March 29th, 2009
none g asked:
i know every one pays a different amount of capital gains tax. i know that in the U.S. traders usually pay between 20-30% of of their profits. what about forex traders?
MILLAGE
i know every one pays a different amount of capital gains tax. i know that in the U.S. traders usually pay between 20-30% of of their profits. what about forex traders?
MILLAGE
Generally the profit would be ordinary gain taxed at your ordinary tax rate which would depend on your taxable income. The rates range from 10% to 35% and is dependent on your filing status.