do you pay social securities taxes on stock earnings?

4 ⤊

If you make money on a stock deal, do you just capitol gains tax or do you also social securties and mediacare tax on the earning?

2007-06-07 08:05:55 · 3 answers · asked by punjabi_94901 1 in Business & Finance ➔ Taxes ➔ United States

Capital gains are not subject to FICA. Only earned income such as wages and Sch C income and the like.

2007-06-07 08:14:44 · answer #1 · answered by acmeraven 7 · 2⤊ 0⤋

NO. These taxes only apply to EARNED income. That could be from a job (W-2) or self-employment.

2007-06-07 11:14:14 · answer #2 · answered by STEVEN F 7 · 1⤊ 1⤋

No SS tax.

2007-06-07 08:09:26 · answer #3 · answered by Mark S 5 · 1⤊ 0⤋